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New client came in with a 1099R, box 1, 71000; box 5, 5000; and box 7 code 6.Total distribution box was checked.Last year the client received the same 1099R, he...
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Funny I have never noticed that with other income the standard deduction is the same as unearned income. Only when it's in schedule c, it's treated as earned in...
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I put it as other income because this is one time deal. If he continue to do it next year, then it become a business, I would use schedule c.
