nytcpa2012
Level 4
03-10-2023
10:33 PM
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Box 7 is G. direct rollover, which of course makes sense with Box 2 being zero.
So I know that the distribution itself in Box 1 is not taxable, just trying to get the taxpayer a little less tax liability by making the additional Box 5 eligible as either a capital loss (likely), or an ordinary loss(preferably).