Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How do I treat an IRA distribution with a code of #4 when the IRA beneficiary is 76 years old and was not related?

Highlighted
Level 1
 
Labels (1)
0 Cheers
1 Reply 1
Highlighted
Level 15

Same as any other taxable IRS distribution.  Code #4 means someone died, and your client was the beneficiary.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches