turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vernigd
New Member

I have a code d1 in box 7...I think its wrong

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15

I have a code d1 in box 7...I think its wrong

Code D1 indicates a distribution from a nonqualified annuity or life insurance contract and the taxable amount of the distribution is subject to an early-distribution penalty.  Codes D and 1 together are correct if the contract is considered to be a modified endowment contract.

View solution in original post

2 Replies
dmertz
Level 15

I have a code d1 in box 7...I think its wrong

Code D1 indicates a distribution from a nonqualified annuity or life insurance contract and the taxable amount of the distribution is subject to an early-distribution penalty.  Codes D and 1 together are correct if the contract is considered to be a modified endowment contract.

KatrinaB
Intuit Alumni

I have a code d1 in box 7...I think its wrong

If the code in box 7 is wrong then you will need to contact your employer to get it corrected. Please view the Turbotax FAQ below to see a list of 1099-R box 7 codes.

https://ttlc.intuit.com/replies/4194736

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question