DanaB27
Expert Alumni

Retirement tax questions

The order in box 7 doesn't make a difference.

 

You will have to contact your financial institution to correct box 2a. Box 2a should only have the earnings listed but you had no earnings. Listing the distribution amount in box 2a is wrong.

 

Form 1099-R instructions state: "For a distribution of contributions plus earnings from an IRA before the due date of the return under section 408(d)(4), report the gross distribution in box 1, only the earnings in box 2a, and enter Code 8 or P, whichever is applicable, in box 7. Also, enter Code 1 or 4, if applicable."

 

 

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