- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
‎June 4, 2019
12:57 PM