- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The code 2 in box 7 indeed indicates that the transaction being reported on the Form 1099-R is a Roth conversion, not a recharacterization. (About the only other thing code 2 would be used for when the IRA/SEP/SIMPLE box is marked is an IRS levy, and I think it's safe to assume that this is not reporting an IRS levy.)
March 7, 2020
8:24 PM