Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 1099-R Code 4
1099-R Code 4
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Summit1
Level 5
03-15-2022
05:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client received a 1099-R with code 4 for deceased spouse. The IRA was moved by Broker from Deceased IRA owner to his spouse. Since she had her own IRA at the same institution, they moved the funds to her account and told her it would not be taxable. Box 1 and Box 2a contain the same amount. 2b taxable amount not determined is marked and total distribution is marked.
My experience makes me believe that this is going to cause a problem.
Labels
1 Comment 1
qbteachmt
Level 15
03-15-2022
05:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
So far, it seems fine. Read what the IRS tells you:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
Related Topics
