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Level 1
posted Mar 4, 2025 10:28:37 AM

Options after entering D7

I received a 1099-R for a whole life insurance policy.  The code in box 7 is D7.  I enter those and then come to a page that asks “Was this distribution from a 403b plan?”  I am then given 2 options: Check either “Yes, this is a 403(b) plan.” Or:  “No, it’s another type of qualified retirement plan.”    But it is neither.  I check the second option even though this is not a *qualified* retirement plan.   I am then asked about the amount of RMD due by Dec. 31, 2024.  I put in $0.   Is this the correct way to proceed?

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1 Replies
Expert Alumni
Mar 8, 2025 4:38:50 AM