Ask Experts Questions for FREE Help !
Ask
    Walter Wilfong's Avatar
    Walter Wilfong Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 27, 2013, 07:01 AM
    4099-r box # 7
    1099-r box #7 has a distribution code of 2 on one 1099 and 7 on the
    Second 1099-
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 27, 2013, 08:12 AM
    The "7" code means it is a normal distribution, thus taxable but NO Early Withdrawal Penalty.

    The "2" code means it is an early distribution but an exception applies which excuses you from tge Early Withdrawal Penalty.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

White wire is hot in the switch box. How do I supplu other switches in the same box [ 9 Answers ]

It seems the power and neutral are in the light box. I have 3 other devices I need power for in the switch box. Can I use the ground as the nuetral so I can get a the current to travel. I will not have a ground from this point on since I will use it for the nuetral. Is this okay to do. It...

What is the cost of updating a fuse box (4 fuses) to a 200 amp box [ 1 Answers ]

Just need a rough estimate of costs.

Combo box/list box/drop down box [ 1 Answers ]

I have a question for you in regards to a list box in a query. I have a form that I am using and want to give the users some options on what years they want to pull data from. So I was thinking about creating a list box or drop down box that would display the available years, when they highlighted...

View more questions Search