MaryL1
Level 2

I have a 1099-R for a Traditional IRA.  Box 1 shows total distribution of $62,500.  Of this amount, $50,000 was redeposited under the 60 day rule and has no tax consequence.  I've adjusted Box 2A to reflect the taxable amount of $12,500.  Distribution Code is 7.  Once I check the IRA/SEP/SIMPLE Box, the entire amount of $62,500 becomes taxable.  What am I missing?

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