- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
To clarify what is the code in box 7? Did you request a return of contributions plus earnings or just withdrew the funds?
For the Form 1099-R to be coded correctly you should have requested the return of contribution. If this was return of excess contribution with a loss then the Form 1099-R should have code 8 and 1 and box 2a should be $0.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 25, 2025
6:32 AM