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No, it's not taxes. That specific code indicates a tax-free exchange (essentially a roll-over). Your box 2a amount should be a zero as well. Please see this FAQ with more information on box 7 codes: https://ttlc.intuit.com/replies/4194736
No, it's not taxes. That specific code indicates a tax-free exchange (essentially a roll-over). Your box 2a amount should be a zero as well. Please see this FAQ with more information on box 7 codes: https://ttlc.intuit.com/replies/4194736
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