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what does "type of account should not be selected for this distribution" mean? The 1099R is an annuity acct.

What should I enter if review indicated type of account should not be selected for this distribution?
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1 Reply
BillM223
Employee Tax Expert

what does "type of account should not be selected for this distribution" mean? The 1099R is an annuity acct.

Do you have a code D as one of the distribution codes in box 7 (1099-R)? If so, you must have a non-qualified annuity.

 

But currently there is an issue in TurboTax where TurboTax tries to treat it as a qualified plan.

 

If you have a code D in box 7 of the 1099-R (either box), then please see this TurboTax article because it may affect you. Be sure to sign up to be notified when there are updates.

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