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eaoverton
New Member

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?

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

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?

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

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4 Replies
ColeenD3
Expert Alumni

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?

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
Level 15

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?

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
New Member

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?

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
New Member

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?

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

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