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Friday, December 11, 2015 2:21:11 AM
Per Etrade rep...they just churn the forms out leaving you or your tax person to decide what code is correct on taxes. If you enter the wrong code as provided by etrade, u may be taxed when you should not be taxed.
Please call the IRS before ever submitting your taxes in these situations to help you during tax time. The IRS will gladly help you choose the correct Code to enter on your 1099-R as I have personally experienced.
Don't be afraid to ask them...then have your tax person do the rest for you, based on what the IRS advises.
Rules may vary depending on what type acct you hold escrow shares in.
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