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Get your taxes done using TurboTax
Box 7, Code 7 on Form 1099-R is a Normal Distribution, which means it is a distribution from a retirement plan to an individual who is age of 59½ or older, and the amount is not subject to a 10% early distribution penalty.
Following the 1099-R entry, the TurboTax interview has questions about the distribution. You may want to take a look at your answers to those questions again to make sure that they are correct.
For example, if you rolled the money over into an IRA or other retirement account within 60 days of the distribution, that would not be a taxable event.
To get to the Form 1099-R entry and related questions in TurboTax Desktop, follow this path:
Personal Income>Retirement Income>IRA, 401(k), Pension Plan Withdrawals (1099-R)
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February 12, 2026
1:38 PM