dmertz
Level 15

Retirement tax questions

Code B and the IRA/SEP/SIMPLE box being marked are mutually exclusive.  You have an erroneous From 1099-R if this is what you received.

Code B means that the distribution is from the Designated Roth Account in a qualified retirement plan like a 401(k) while the IRA/SEP/SIMPLE box being marked indicates that the distribution is from a traditional IRA, two totally different kinds of retirement accounts.

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