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Retirement tax questions
A 1099-R is used to report a retirement distribution from a pension or annuity. Code 1 in box 7 represents an early distribution and code 1B in box 7 represents an early distribution from a Roth IRA. If there was a direct rollover, box 7 codes should be G or H. If your husband did not receive a distribution, he should contact the plan administrator and request a corrected Form 1099-R.
Please review the TurboTax articles What do all the codes in Box 7 of the 1099-R mean? and When to Use Tax Form 1099-R: Distributions From Pensions, Annuities, Retirement, etc. for additional information.
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March 30, 2023
6:56 PM