MMG
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		10-08-2021
	
		
		07:37 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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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?
		
			
				
						
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			George4Tacks
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		10-08-2021
	
		
		09:20 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Answers are easy. Questions are hard!