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Level 3
February 24, 2021
Solved

1099R - RMD

  • February 24, 2021
  • 1 reply
  • 7 views

TP retired. Took RMD from retirement account setup by previous employer. Box IRA/SEP/SIMPLE not marked. Fully taxable. Enter on Line 4b or 5b? PTO posting on 5b. Previous tax preparer posted on 4b.

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Best answer by IRonMaN

If it isn't marked as IRA, go with the flow - 5b.  I heard the previous tax preparer wasn't always accurate on how he coded things.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
February 24, 2021

If it isn't marked as IRA, go with the flow - 5b.  I heard the previous tax preparer wasn't always accurate on how he coded things.

Slava Ukraini!
taxpreppAuthor
Level 3
February 24, 2021

Thank you!

IRonMaN
Level 15
February 24, 2021

You betcha!

Slava Ukraini!