topic Box 7 on my 1099 from VOYA where IRA/ SEP/Simple is the box is not checked. Do I ignore it? in Retirement tax questions

Box 7 on my 1099 from VOYA where IRA/ SEP/Simple is the box is not checked. Do I ignore it?

rchris7259 — Mon, 29 Mar 2021 23:24:54 GMT

On line 7 of my 1099 form from VOYA the box is not checked. What should I do?

Re: Box 7 on my 1099 from VOYA where IRA/ SEP/Simple is the box is not checked. Do I ignore it?

ThomasM125 — Mon, 29 Mar 2021 23:41:18 GMT

I think you mean the distribution code is blank on your form 1099-R. If so, you should read through the options for the code in that box and choose what is most appropriate, since that code is essential to having the distribution treated properly in TurboTax.

You will see a list of the codes on your form 1099-R, for box 7. If it helps, a normal distribution is most common, and it has a code of "7."

Re: Box 7 on my 1099 from VOYA where IRA/ SEP/Simple is the box is not checked. Do I ignore it?

rchris7259 — Thu, 01 Apr 2021 15:56:43 GMT

Thanks, that was helpful.