TXNnNY
New Member

Other financial discussions

no taxable amount entered in box 2a; box 2b has both undetermined tax and total distribution checked; box 7 is marked 4D (death); ira/sep/simple is not checked

this is a death benefit payout to a named beneficiary

 

should it be taxed?

 

I went from a tax return of over 5K$ to owing 500