Turbotax is asking for a code from my Allianz RMD form. There is not a code that I can find. But Turbo tax will not let me continue without it.
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If you made a withdrawal from an IRA in 2023, the plan administrator would have sent you a Form 1099-R in January or February of 2024.
You enter the Form 1099-R on the federal tax return. There is a code in box 7 of the form that you need to enter.
To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
Did you get a 1099R form? The most common code for box 7 is also a "7". It would be code 7 for a RMD. It is the same as the box #. That is a common question we get.
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