MinhT1
Expert Alumni

Retirement tax questions

Code 4 (Death) in box 7 of form 1099-R means that the distribution is from an inherited account after the death of its previous owner. This is not a death benefit from a life insurance policy.

 

If the box IRA/SEP/SIMPLE next to box 7 is check then it is an IRA. Otherwise it is not.

 

This distribution is taxable and you have to enter the form 1099-R in your tax return.

 

 

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