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Form 1099-R. My Box 7 is checked for "IRA/SEP/SIMPLE", but dropdown menu in TurboTax gives no matching option. So, on dropdown menu, should I just click "(no entry)"?

 
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Form 1099-R. My Box 7 is checked for "IRA/SEP/SIMPLE", but dropdown menu in TurboTax gives no matching option. So, on dropdown menu, should I just click "(no entry)"?

That checkbox in the software form is a separate box near box 7 and 8...look for it, it's pretty obvious.

Box 7 is actully NOT that IRA/SEP/SIMPLE check box.  Box 7 should be a single or number letter code...so I don't know what you are looking at on your Paper 1099-R

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

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3 Replies

Form 1099-R. My Box 7 is checked for "IRA/SEP/SIMPLE", but dropdown menu in TurboTax gives no matching option. So, on dropdown menu, should I just click "(no entry)"?

That checkbox in the software form is a separate box near box 7 and 8...look for it, it's pretty obvious.

Box 7 is actully NOT that IRA/SEP/SIMPLE check box.  Box 7 should be a single or number letter code...so I don't know what you are looking at on your Paper 1099-R

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

Form 1099-R. My Box 7 is checked for "IRA/SEP/SIMPLE", but dropdown menu in TurboTax gives no matching option. So, on dropdown menu, should I just click "(no entry)"?

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

Form 1099-R. My Box 7 is checked for "IRA/SEP/SIMPLE", but dropdown menu in TurboTax gives no matching option. So, on dropdown menu, should I just click "(no entry)"?

Thanks!
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