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joe7230
Level 1
04-29-2020
10:19 AM
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On a 1099R for an traditional IRA with Code 7 box 1 and 2a(taxable amount) have the same amounts but box 2b(taxable amount not determined) is checked. Is the amount in box 2a fully taxable?
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1 Comment 1
IRonMaN
Level 15
04-29-2020
10:22 AM
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It is, unless the client has basis in their IRA.
Slava Ukraini!
