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New Member
posted Mar 27, 2022 5:50:45 PM

Is the IRA/SEP/SIMPLE box on this 1099-R checked?

I have not withdrawn any amount from my retirement fund but still Is the IRA/SEP/SIMPLE box on this 1099-R is not checked for me and the notification I got was I might need to pay taxes since I withdrew money

0 3 2288
3 Replies
Expert Alumni
Mar 27, 2022 6:17:36 PM

If you have not withdrawn money from your retirement fund or have not received other retirement income, you should not receive a 1099-R form. The IRA/SEP/SIMPLE box is checked if the money is distributed from an IRA account. Can you clarify what your issue is?

New Member
Feb 17, 2023 12:19:40 PM

The IRA/SEP/SIMPLE box is not checked for my distribution code 7 for my monthly state retirement.  Since I am 72 in 2022 I am not sure if I need to be concerned in my RMD calculation and use only my IRAs.

Level 15
Feb 17, 2023 1:10:11 PM

Your monthly state retirement payments are all RMD and the entire RMD required of the pension.