DanaB27
Expert Alumni

Retirement tax questions

What is the code in box 7? Please verify that you did not check the IRA/SEP/SIMPLE box for the 403(b) distribution. In the follow-up questions you should be able to indicate that this was a Qualified Plan and then confirm that this is a 403(b) plan. TurboTax correctly reports the 403(b) on line 5 of 1040.

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