topic 1099_R for RMD in Retirement tax questions

1099_R for RMD

martynow2 — Thu, 06 Feb 2020 04:01:06 GMT

I received a 1099-R for my RMD but box 7 IRA/SEP/SIMPLE was not checked. All my other RMD 1099-Rs had this box checked. Is this OK or do I need it corrected?

Re: 1099_R for RMD

VolvoGirl — Thu, 06 Feb 2020 04:09:00 GMT

Box 7 is actually a number or letter like a 7. Then there is the IRA checkbox. If it is not checked x then do not check it on your screen.

Re: 1099_R for RMD

dmertz — Thu, 06 Feb 2020 13:36:54 GMT

The IRA/SEP/SIMPLE box being unmarked on the Form 1099-R provided by the payer simply means that the type of retirement account from which that RMD was made is some type of account other than a traditional IRA. For example, 401(k) plans and pension plans are not IRAs, so distributions from these would not have the IRA/SEP/SIMPLE box marked on any Forms 1099-R reporting distributions from these.