dmertz
Level 15

Retirement tax questions

Neither of these Forms is entirely correct if the distribution was from a traditional IRA.

 

What is the code in box 7 of these Forms 1099-R?

Is the IRA/SEP/SIMPLE box marked?

 

If the code in box 7 is 1, 2 or 7 and the IRA/SEP/SIMPLE box is marked, box 2a must be the same as box 1 and box 2b Taxable amount not determined must be marked.