- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Code B in box 7 means you had a distribution from a ROTH IRA. As such, there should be an amount in box 1 which reports the gross distribution. Since you said you rolled over a 401K balance to a traditional IRA, I'm not sure what the second 1099-R is reporting. I suggest you ask the broker what is being reported on the second 1099-R. Since it shows no gross distribution, it may not need to be reported on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
2 weeks ago