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Retirement tax questions
Thanks for the info. I was under the impression that the box should not be checked according to the IRS
Do I have that correct
Roth IRAs.
For distributions from a Roth IRA, report the gross distribution in box 1 but generally leave box 2a blank. Check the “Taxable amount not determined” box in box 2b. Enter Code J, Q, or T, as appropriate, in box 7. Do not use any other codes with Code Q or Code T. You may enter Code 8 or P with Code J. For the withdrawal of excess contributions, see Roth IRA under Box 2a. Taxable amount, later. It is not necessary to mark the IRA/SEP/SIMPLE checkbox.
March 22, 2024
7:15 AM