dmertz
Level 15

Retirement tax questions

Perhaps a 1035 exchange.  What is the code in box 7 of the Form 1099-R?

 

All Forms 1099-R are entered under Retirement and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R).  The distribution will be included on Form 1040 line 5a/b.  It the distribution is nontaxable, the amount will be excluded from the taxable amount on line 5b.