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A 1099-R form should always have a distribution code in Box 7 to identify the tax treatment of the distribution. If Box 7 is empty, the form is likely incomplete, and you should contact the financial institution for a corrected form to avoid potential IRS issues. Steps to Take if Box 7 is Blank:
Without a code, you can't properly report the income, which may result in tax return rejection, errors or delays.
A 1099-R form should always have a distribution code in Box 7 to identify the tax treatment of the distribution. If Box 7 is empty, the form is likely incomplete, and you should contact the financial institution for a corrected form to avoid potential IRS issues. Steps to Take if Box 7 is Blank:
Without a code, you can't properly report the income, which may result in tax return rejection, errors or delays.
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