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etax.com
1099 R Inherited IRA or 401K with 4 in Box 7 - eTax.com®
For an inherited retirement account, a Form 1099-R will typically report a "4," in box 7. If a "4" appears, it means you took a distribution from a tax-deferred retirement account and you are exempt from the early distribution penalty as the distributions were made after the original account holder's death.
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