11 February 2009
Taxpayer asks: On the 1099R block 7, what is code 7. Taxgirl says: Code 7 in box 7 on a form 1099-R means “normal distribution” for a retirement account. Here’s a handy list of codes: 1 Early distribution, no known exception 2 Early distribution, exception applies 3 Disability 4 Death 5 Prohibited transaction 6 Section [...]
Read the full article →
12 April 2007
Taxpayer asks: I had a IRA from a former employer that was rolled over to a brokerage account in 2006. While preparing for my tax appointment, I contacted the brokerage house to find out if I was due a 1099 as I hadn’t received one. They said no. So I went to my appointment, got [...]
Read the full article →
