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.

mmowens51
New Member

What does it mean if the IRA/SEP box on my 1099-R is not checked but is marked "UT"? How do I answer the question of whether the IRA/SEP/SIMPLE box is checked?

 
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.

1 Best answer

Accepted Solutions
dmertz
Level 15

What does it mean if the IRA/SEP box on my 1099-R is not checked but is marked "UT"? How do I answer the question of whether the IRA/SEP/SIMPLE box is checked?

Since you live in Utah, I'm sure that UT is your state abbreviation, likely in box 13.  Since the distribution is from a pension plan, not from an IRA, it appears that the IRA/SEP/SIMPLE box is not marked, so you would leave it unmarked in TurboTax.

View solution in original post

3 Replies
dmertz
Level 15

What does it mean if the IRA/SEP box on my 1099-R is not checked but is marked "UT"? How do I answer the question of whether the IRA/SEP/SIMPLE box is checked?

It doesn't make sense that "UT" would have anything to do with the IRA/SEP/SIMPLE box.  Any marking of the IRA/SEP/SIMPLE box would either be an "X" or a "Y" or "N" for Yes or No.
Do you live in Utah?
What is the code in box 7 of the Form 1099-R?
What kind of retirement account did this distribution come from?
mmowens51
New Member

What does it mean if the IRA/SEP box on my 1099-R is not checked but is marked "UT"? How do I answer the question of whether the IRA/SEP/SIMPLE box is checked?

Yes, I live in Utah. The number 7 appears in box 7 of the 1099-R. This is a pension payment.
dmertz
Level 15

What does it mean if the IRA/SEP box on my 1099-R is not checked but is marked "UT"? How do I answer the question of whether the IRA/SEP/SIMPLE box is checked?

Since you live in Utah, I'm sure that UT is your state abbreviation, likely in box 13.  Since the distribution is from a pension plan, not from an IRA, it appears that the IRA/SEP/SIMPLE box is not marked, so you would leave it unmarked in TurboTax.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question