Solved: No, an "X" indicates that it is an IRA. If it were blank,...

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

posted

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.

View solution in original post

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.