@bomo817 wrote:
Not following post about Form 1099-R Section - all of my 1099s are already coded "7" so how is it possible to change that code? Also, I believe the election to spread taxable income from COVID-related distributions is done on the 8915-E form, and has nothing to do with 1099. Am I missing something here?
You do not need to change the code. That is just code I used since my test return was for someone under the age of 59 1/2. The Form 1099-R has everything to do with the Form 8915-E since the 8915-E uses the withdrawal information from the 1099-R. It needs to know how much was distributed so it can divide the amount into thirds and enter 1/3 of the distribution as taxable income on the 2020 tax return.
