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code 7D issues on 1099R
I have a 1099R with code 7D in it for a life insurance plan. TurboTax won't let me move forward unless I select either "Yes, this is a 403b plan" or "No, this is another type of qualified retirement plan." It's neither. I select "No," and then at review stage I end up with an error that says "Type of account should not be selected for this distribution." To fix it I select "No entry" and I end up back at square one, "Yes, this is a 403b plan" or "No, this is another type...." This has been happening over and over. There's apparently no right answer.
I've looked for questions on this forum related to 1099R code 7D, but I get a page that says the error has been solved and therefore the page has been removed!!
March 15, 2025
12:51 PM