You'll need to sign in or create an account to connect with an expert.
Because the IRS does not have a code X for entry in box 7 of a Form 1099-R. The X you are referring to probably is for indicating the distribution was from a IRA/SEP/SIMPLE account.
Not aware that there is supposed to be one.
Are you sure the "X" isn't supposed to be a simple click you make in the IRA/SEP/SIMPLE box close to the box 7 codes...but not really a part of box 7?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
nan68
Level 2
cheltman
New Member
Kat78
New Member
in Education
rodreno
New Member
Ruck
Returning Member