What does code 7 mean on a 1098?

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What does code 7 mean on a 1098?

Where do you see that on a 1098? A 1098 form does not have any codes.

Do you really mean a 1099-R?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

What does code 7 mean on a 1098?

Code 7 in Box 7 of a 1099-R means Normal Distribution.

2020 Form 1099-R (irs.gov)

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