Hi all!
My 1099-R has in its box 7 "[M7]". This 1099-R was an IRA loan repayment they automatically took out from my IRA funds when I retired. I was told by the retirement plan administration company this would be pulled out as a regular distribution, and taxed accordingly. However, when I get to the Oregon Source Income and Adjustments page it lists the amount under Pensions and Annuities. I have no Pensions or Annuities in 2022. If I add it to the IRA distribution line, not the Pensions and Annuities line the Oregon taxes are less than half. I think there is a MAJOR problem here! I do not want to pay almost $2000 extra in taxes because of this error! If I go back to where I entered this particular1099-R in TurboTax Federal forms and change the box 7 to "7-Normal Distribution" the amount stays stuck under "Pension and Annuities" in the state form Oregon Sources and Adjustments.
