Options after entering D7

mlw8025 — Tue, 04 Mar 2025 18:28:37 GMT

I received a 1099-R for a whole life insurance policy. The code in box 7 is D7. I enter those and then come to a page that asks “Was this distribution from a 403b plan?” I am then given 2 options: Check either “Yes, this is a 403(b) plan.” Or: “No, it’s another type of qualified retirement plan.” But it is neither. I check the second option even though this is not a *qualified* retirement plan. I am then asked about the amount of RMD due by Dec. 31, 2024. I put in $0. Is this the correct way to proceed?

Re: Options after entering D7

DanaB27 — Sat, 08 Mar 2025 12:38:50 GMT

Please see Why am I getting an error when entering Form 1099-R box 7 code 7D?

topic Options after entering D7 in Retirement tax questions

Options after entering D7

Re: Options after entering D7