1099R Distribution Code T for Traditional IRA
Posted 17 March 2010 - 06:20 PM
Posted 18 March 2010 - 09:58 AM
Posted 18 March 2010 - 08:11 PM
You should try to get a corrected 1099R if this is not really a Roth IRA. If you try to enter it the way it is, you will need to use form 8606, part 3 for Roth distributions, and the return won't be right.
It is hard to make a return be right when the source documents are not right. I have always heard that two wrongs don't make a right. Perhaps, in this case, if you make the return right by forcing it to be right by doing something wrong, you have made a right out of two wrongs.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users