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larsieparker-com
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Why is the IRA/SEP/SIMPLE box checked on my 1099R when I'm retired?

 
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‎February 16, 2024 11:37 AM
last updated ‎February 16, 2024 11:37 AM
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is the IRA/SEP/SIMPLE box checked on my 1099R when I'm retired?

Forms 1099-R report distributions from retirement accounts.  The marking of the IRA/SEP/SIMPLE box simply indicates that the distribution came from some type of traditional IRA.

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‎February 16, 2024 3:47 PM
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VolvoGirl
Level 15

Why is the IRA/SEP/SIMPLE box checked on my 1099R when I'm retired?

Was it from your IRA?  Ask the plan if it wasn't from one of those 3 kinds of plans.  

‎February 16, 2024 11:39 AM
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is the IRA/SEP/SIMPLE box checked on my 1099R when I'm retired?

Forms 1099-R report distributions from retirement accounts.  The marking of the IRA/SEP/SIMPLE box simply indicates that the distribution came from some type of traditional IRA.

‎February 16, 2024 3:47 PM
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