Is an 'x' in the IRA/SEP/SIMPLE box on form 1099-R the same as a blank?
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1 Best answer
Coleen3
Intuit Alumni
Jun 4, 2019 1:30:21 PM
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.
1 Replies
Coleen3
Intuit Alumni
Jun 4, 2019 1:30:21 PM
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.