JD028
Level 3
03-02-2024
05:33 PM
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Thank you all for responding. I was confused as to why the issuer of the 1099-R entered 0 as the taxable amount (as I was sure that was incorrect)....and also indicated the taxable amount was unknown. I still am.
The taxpayer researched and previous years listed the same amount in gross distribution and taxable amount with the unknown box checked. I am not sure why the procedure changed but can only guess a new third party is issuing the 1099-Rs.