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New Member
posted Mar 22, 2021 8:20:08 AM

What does code 7 mean on a 1098?

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2 Replies
Level 15
Mar 22, 2021 8:28:32 AM

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

 

Do you really mean a 1099-R?

Level 15
Mar 22, 2021 3:04:05 PM

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

2020 Form 1099-R (irs.gov)