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On a 1099r the gross distribution and taxable amount is -100000 ? code is a 7 with IRA box checked, I have not seen this before, help?

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Level 1
 
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Level 11
Level 11

That is normal, what is your question?

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Level 1

a negative number, not a positive, what does it mean?

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Level 15
Level 15

It means someone at the bank doesnt know the difference between debits and credits?  LOL   Id have the client contact the bank for clarification.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 11
Level 11

@bonnielb208 wrote:

a negative number, not a positive, what does it mean?


Oh, I saw your question and did not put the minus. 

Yeah, the bank screwed the pooch on that one!