Discussion:40lk direct transfer to IRA
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Discussion Forum Index --> Basic Tax Questions --> 40lk direct transfer to IRA
Discussion Forum Index --> Tax Questions --> 40lk direct transfer to IRA
| 14 April 2008 | |
| After client resigned from the job, Client's 401k directly transferred to IRA with a Brokerage firm. Client received 1099-R from his employer, Is this need to be entered anywhere in 1040? Thanks for the help.
abstax | |
| 14 April 2008 | |
| yes, isn't real life tax preparation much much different than being a corporate auditing CPA? | |
PaperworkCPA (talk|edits) said: | 14 April 2008 |
| On the 1099-R, box 2a should be a zero and code G should be in box 7.
In Lacerte, the Gross Distribution ix xxxx and the Taxable Amount is zero. | |
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