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Get your taxes done using TurboTax
Per the standard 1099-R form, Box 7: code 7 and code D.
Box 7. The following codes identify the distribution you received:
Code 7 = Normal distribution
Code D =Annuity payments from nonqualified annuities that may be subject to tax under section 1411. (1411 NIT-Net Investment Income tax for income over 250K there is a 3.8% additional tax imposed.)
**You can see the box codes for the 1099-R's on the IRS website if you don't have them listed on the back side of your 1099-R's. go to " https://www.irs.gov/pub/irs-pdf/f1099r.pdf " Hope that helps.
The Code "D" is what is causing the TurboTax software issues I was having. Hopefully it will be fixed by Monday.
March 20, 2025
2:20 PM
1,810 Views