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Retirement tax questions
Leave 7b blank. Some reporting agencies put a qualifying explanation with a second code in box 7b when box 7(a) code is 2. This is because a box 2 code is that you don't have a penalty for the early distribution, but that box doesn't say why. Box 7b does give the explanation with a code. But it is not required for the issuing agency to put this information. Thus, if you do not have a box 7b, leave that box blank on the TurboTax screen.
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‎June 6, 2019
9:14 AM