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Retirement tax questions
A code 7 is a normal distribution if you are age 59 1/12 or older. There is no code for a RMD and nothing on a 1099-R indicates an RMD whatsoever. Since a RMD can be satisfied from any IRA account that you have the IRA custodial that issued the 1099-R would not know if it was a RMD or not. In fact, nothing about a RMD goes on a tax return at all other than a penalty for failing to take it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎December 19, 2020
12:08 PM