chapguy19
Level 5
3 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client says that his 1099R is a backdoor Roth:
Gross Distribution $7000
Taxable $7000
2b Taxable Amount not Determined X
Distribution Code 2
IRA/SEP/Simple X
Shouldn't it have a different Distribution Code than 2? Code 2 means Early distribution, exception applies.
I need help making this a Backdoor Roth.
Thanks in advance, Christopher
Labels