@Latwig1 wrote:
I inherited a Roth IRA from my father. I took a gross distribution of all the funds, the 1099R is stating that @$7K is taxable. The distribution code on the 1099R is 4D.
A code "4D" indicates that it is NOT a Roth IRA but is a non-qualified annuity. (if an inherited Roth IRA the box 7 code would be a "T". )
You should contact the issuer of the 1099-R to find out jut what type of account this actually is or if there is an error on the 1099-R which they must correct with a replacement 1099-R.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
