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1099-R for RMD's IRA/SEP box is checked

My 1099-R for 2 RMD accounts have the IRA/SEP/SIMPLE box checked but Turbo Tax calls it a Life Insurance Annuity and may be incorrect. Have others reported this?

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2 Replies
DavidD66
Expert Alumni

1099-R for RMD's IRA/SEP box is checked

Can you clarify your question by stating what code(s) is in Box 7 of your 1099-R?

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1099-R for RMD's IRA/SEP box is checked

It is Box 7 - Code 7.  I inadvertently also said D (Life Insurance Annuity).  When this is removed the problem went away.  

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