Annuity 1099 R
We received two 1099 R from same company showing different amounts . One was a RMD and one was total distrabution. One was a code 4 and other 7. They were both made out in the deseased name and there SS number. Can I add these to the deseased 1040 or do I have to use a 1041
Permalink Submitted by Alan - IRA critic on Sat, 2024-02-24 19:15
The code 4 amount is a death distribution which should have been issued to a beneficiary, not the decedent. The code 7 should reflect a distribution made to the decedent while still alive. Decedent’s final 1040 should only include distributions made while still living.