Permalink Submitted by Alan - IRA critic on Fri, 2015-02-20 20:20
Code 7 is used for conversions after 59.5. Prior to 59.5 code 1 is used if distributed first to the IRA owner and code 2 is used if a trustee to trustee transfer to a Roth IRA is done.
Permalink Submitted by Alan - IRA critic on Fri, 2015-02-20 20:20
Code 7 is used for conversions after 59.5. Prior to 59.5 code 1 is used if distributed first to the IRA owner and code 2 is used if a trustee to trustee transfer to a Roth IRA is done.