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1099-R Error entering Code D for Box 7

I have two annuities, nonqualified.  Both sent me 1099-Rs with Code D in Box 7.  TT exhorts me to enter exactly as shown, so I include the Code D.  Then 3 bad things happen:  (1) TT asks "Is this a 403(b) plan, or is it some other kind of qualified plan?"  I have no choice but to say it's some other plan.  (2) Then TT asks how much RMD I was required to withdraw from this plan.  Meaningless, but I enter "0" and continue.  (3) Then when I run SmartCheck, TT reports a 1099-R form error:  "You indicated "other" - you need to indicate 403(b) or "No entry."  I select "No entry" and the error goes away.

If, on the other hand, I lie and omit the D code, TT asks "Is this a Qualified Plan or a Nonqualified Plan?" and when I answer "Nonqualfied," all goes OK -- no screwy 403(b) question, no RMD question, and no SmartCheck error.  (this is the way it used to work in the past when I did include the D code -- something changed recently).

So what is right way to proceed before filing with IRS...include the code or omit it?

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1 Reply
DanaB27
Expert Alumni

1099-R Error entering Code D for Box 7

Please see Why am I getting an error when entering Form 1099-R box 7 code 7D? to sign up for updates on this issue.

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