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Level 2
posted Apr 4, 2022 10:41:18 AM

1099-R for RMD's IRA/SEP box is checked

My 1099-R for 2 RMD accounts have the IRA/SEP/SIMPLE box checked but Turbo Tax calls it a Life Insurance Annuity and may be incorrect. Have others reported this?

0 2 782
2 Replies
Expert Alumni
Apr 5, 2022 5:37:45 PM

Can you clarify your question by stating what code(s) is in Box 7 of your 1099-R?

Level 2
Apr 6, 2022 12:25:04 PM

It is Box 7 - Code 7.  I inadvertently also said D (Life Insurance Annuity).  When this is removed the problem went away.