Can I pick 'normal distribution' for Box 7 on 1099-R for qualified annuity payment even though Company issuing it did not include and says it is not needed?

[eaoverton]

TT will not proceed without making a choice for Box 7.

[ColeenD3]

You have no code in Box 7? You absolutely need one. You can't automatically choose a code, it needs to be issued on the actual form. The code governs how it is treated for tax purposes.

@eaoverton

[dmertz]

If the form is not printed on the standard IRS form. it's often the case that the code in box 7 is 7 and is present, but the code 7 is being mistaken for the box number.

[eaoverton]

Thank you so much for responding. No, there is no code in Box 7 issued by the company. I spoke with them yesterday and they said there was no need to issue a corrected 1099-R. It sounds as though I should go back and request them to reissue the 1099?

[eaoverton · Accepted solution]

Ahhh...that's it! It doesn't look like it but it is a '7'. Thank you so much!!!!!