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04-11-2021
12:11 PM
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The taxpayer took out $50,000 from Bank A, which sent a 1099R showing it all as taxable and also "taxable amount not determined". Code 7.
He rolled it over a month later to Bank B, which shows the rollover contribution. It should not be taxable but if I show the $50,000 distribution and put 0 taxable, I get an error message. How do I report this?
Solved! Go to Solution.
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