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Letter t in box 7 on form 1099r what does this mean? Should this be changed to a letter q and not taxable?

TAX GUY 35
Level 1
 
0 Cheers
3 Comments 3
George4Tacks
Level 15

The form has a table with it for the instructions on what all those codes need. Google could probably fine "1099R box 7 code t"

Oh Well! It is a Roth distribution and exceptions apply.

Now are you gonna ask what "exceptions apply" means? 


Answers are easy. Questions are hard!
IRonMaN
Level 15

That was a helpful answer George, but why would my good friend Google want to fine someone for using that code? 😜


Slava Ukraini!
George4Tacks
Level 15

cuz it dun't got a grammer chexer!


Answers are easy. Questions are hard!