MMG
Level 1
10-08-2021
07:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client cashed out a 401k after leaving the US (Non greencard holder non citizen). Financial institution issued 1042S and withheld 30%. I am entering as a replacement 1099R. with gross income = taxable income b/c 30% was withheld.
Should I check the box distibution code 1 no known exception?
Labels
George4Tacks
Level 15
10-08-2021
09:20 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Answers are easy. Questions are hard!