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Level 1

Question

OMB No. 1545-0119

Forum|Forum|2 years ago
January 20, 2024
3 replies
28 views

Box 7 distribution code 7 Second Box IRA /SEP/Simple

No Identical response to choose in second box? What do I do?

IRA

Level 15

If you don't have a second code in box 7 skip it. If the little IRA/SEP/Simple box is not marked or checked then don't check it leave it blank. If it has a X in it then click on it. Not sure what problem you have.

Level 15

Oh I didn't understand the question. Here is a screen shot of my Desktop program. On the 1099R the little IRA box is a separate box between boxes 7&8. It is not part of box 7. If it has a X in it you check the little box on the screen. Here is a shot of my Desktop program.

Level 15

the IRA/SEP/Simple is not a box 7 code.

That is just a checkbox, usually "NEAR" boxes 7 & 8, but has no particular box number associated with it.

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