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Retirement tax questions
@Tethy-_1930 wrote:
The 2020 1099-R Block 7does not have a 2nd drop down block. There is only one block and the 7D is there. On turbo tax 2020, the 2nd line down has different codes. D is for Death. The D in block 7 on the 1099 now is for disability, which applies to me but the block on Turbo Tax will only take one character.
@Tethy-_1930 Are you using the online version of TurboTax?
Code "7" is a Normal Distribution, code "D" is for a non-qualified annuity. (Code "4" is for death. Code "3" is disability.)
**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.**
ā€ˇFebruary 2, 2021
2:54 PM
30,832 Views