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For a 1099-R, box 7 says IRA/SEP/SIMPLE. What distribution code is this (category)?
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For a 1099-R, box 7 says IRA/SEP/SIMPLE. What distribution code is this (category)?
"IRA/SEP/SIMPLE" is the name of the checkbox adjacent to the code box, not the code box. If you were age 59½ or over at the time of the distribution, you'll likely find that box 7 has a 7 in it.
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