turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If box between #7 & #8 on 1099-R has IRS/SEP/SIMPLE printed there does that mean it is checked?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

If box between #7 & #8 on 1099-R has IRS/SEP/SIMPLE printed there does that mean it is checked?

to note that the 1099 refers to an IRA look for a check mark or "X" in the box.

dmertz
Level 15

If box between #7 & #8 on 1099-R has IRS/SEP/SIMPLE printed there does that mean it is checked?

"IRA/SEP/SIMPLE" is the name of that box.

 

If it's not clear whether or not that box is marked, ask the payer.  That box should be marked only for distributions from traditional IRA accounts, including SEP-IRA and SIMPLE IRA accounts.   For distributions from 401(k), 403(b), 457(b), federal TSP and non-qualified annuity accounts, that box should not be marked. 

If box between #7 & #8 on 1099-R has IRS/SEP/SIMPLE printed there does that mean it is checked?

The IRA/SEP/SIMPLE box has to be marked to be considered "checked".  Usually with a X entered in the box

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies