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Retirement tax questions
No. A box 7 distribution code is REQUIRED. There is no way to know how to treat the income without the code. Look closely at the form - some times it is easy to confuse code "7" with the box number "7" if the code was printed slightly outside the box.
Contact the issuer for a corrected 1099-R.
**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.**
May 4, 2021
4:12 PM