Why was “Taxable amount not determined” (Box 2b) checked when an amount appears in the “Taxable amount” (Box 2a) field?
The IRS requires that the full amount of your distribution be reported in “Gross Distribution” (Box 1) and in “Taxable Amount” (Box 2a). “Taxable amount not determined” (Box 2b) may be checked because you may have made non-deductible (after-tax) contributions to your IRA. For qualified employer plans, the taxable amount can be determined — so Box 2b will not be checked. Please consult with your tax advosor or legal counsel to determine if you made non-deductible IRA contributions.
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- Why was "Taxable amount not determined" (Box 2b) checked when an amount appears in the "Taxable amount" (Box 2a) field?
