Client has a box 7 code T on a Roth IRA distribution. The 5 year holding rule is satisfied. How get the program to recognize this distribution should be excluded from taxable income?
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Scroll down on the 1099-R Wks, I think there's a box to check.
Does it have an dollar figure in the taxable amount box?
Seems like the ones I see with a T dont have anything in the taxable box. Then the program prompts you to check the box on the IRA information worksheet about how long you've had the account.
Do they have basis of at least that amount?
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