qbteachmt
Level 15
03-09-2021
10:57 AM
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What does "not IRA" mean? What sort of account was this taken from?
The code 1 is because the entity issuing the funds and the 1099-R doesn't know what is happening with the money and to them, that's a regular distribution until the taxpayer (through you) states otherwise.
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Don't yell at us; we're volunteers