Is an 'x' in the IRA/SEP/SIMPLE box on form 1099-R the same as a blank?

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Is an 'x' in the IRA/SEP/SIMPLE box on form 1099-R the same as a blank?

No, an "X" indicates that it is an IRA. If it were blank, it was not. Since there are some differences as to how pensions and IRAs are treated, it is important to make a distinction.

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Is an 'x' in the IRA/SEP/SIMPLE box on form 1099-R the same as a blank?

No, an "X" indicates that it is an IRA. If it were blank, it was not. Since there are some differences as to how pensions and IRAs are treated, it is important to make a distinction.

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