2002039
You'll need to sign in or create an account to connect with an expert.
Neither.
Code 7B is a normal distribution from a Designated Roth employer sponsored retirement plan for employees.
A designated Roth account is a separate account in a 401(k), 403(b) or governmental 457(b) plan that holds designated Roth contributions.
As macuser_22 indicated, your distribution is from the designated Roth account in a qualified retirement plan like a 401(k), not from a Roth IRA.
This distribution will appear of Form 1040 lines 5a and 5b as a pension or annuity. Any Form 1099-R that is not from an a traditional IRA (IRA/SEP/SIMPLE box marked) or a Roth IRA (code J, T or Q in box 7) is reported as pension or annuity income. In this case, the code B indicates that this Roth account is not a Roth IRA.
What is the answer to the question above.
@IJW09DSK wrote:
What is the answer to the question above.
The answer is what was said in the original answer to the question.
What are you asking that was not answered?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Stan91011
New Member
diitto
Level 2
elle25149
Level 1
Boyan
Level 4
Lovingchandra75
New Member