1099-R #7 box

Forum|Forum|4 years ago
February 23, 2022
1 reply
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1099-R #7 box has an "X" in it but on TurboTax, it gives me a drop down box to select from multiple options, non of which relates to the "X" on the 1099-R. Which do I choose?

Best answer by SteamTrain

Are you sure that is box 7?

IF its for an IRA distribution, there is a separate checkbox that is "near" box 7 to check (or "X"ed ) that indicates the distribution is from an IRA-or-SEP-or-SIMPLE (IRA/SEP/SIMPLE) retirement plan.....but is not actually box 7 itself.

Perhaps a mis-alignment of their markings? Look for another letter nearby to the actual box 7 that does match the available codes, but perhaps mis-aligned from where it should be.

SteamTrainAnswer

Level 15

Are you sure that is box 7?

Perhaps a mis-alignment of their markings? Look for another letter nearby to the actual box 7 that does match the available codes, but perhaps mis-aligned from where it should be.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*