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Level 1
posted Jan 29, 2021 6:17:11 PM

TT is asking if the "IRA/SIMPLE/SEP box is checked" on my 1099-R. "IRA/SIMPLE/SEP" is typed in Box 7 Distribution Code(s) but there is no box to check next to it.

0 2 594
2 Replies
Level 15
Jan 29, 2021 7:05:06 PM

Is your account an IRA?
if so, say yes to check the box.

Level 15
Jan 29, 2021 7:11:14 PM

The IRA box is a separate box on the 1099R between boxes 7&8.  It would have an X typed in it if it is checked.

https://www.irs.gov/pub/irs-pdf/f1099r_20.pdf