Other financial discussions

A 1099-R code 7 in box 7 is a normal distribution to the owner of the retirement account.

 

What do you mean by "death benefit"?   Is this supposed to be an inherited distribution to the named benificuary of the account - if so the box 7 code does not indicate that.

 

Whose name and SSN is on the 1099-R - yours or the deceased?

 

You need to contact the issuer of the 1099-R for clarification.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**