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Can I pick 'normal distribution' for Box 7 on 1099-R for qualified annuity payment even though Company issuing it did not include and says it is not needed?

Forum|Forum|6 years ago
April 11, 2020
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TT will not proceed without making a choice for Box 7.

TurboTax Online

Best answer by eaoverton

Ahhh...that's it! It doesn't look like it but it is a '7'. Thank you so much!!!!!

You have no code in Box 7? You absolutely need one. You can't automatically choose a code, it needs to be issued on the actual form. The code governs how it is treated for tax purposes.

@eaoverton

D

dmertz

Employee

If the form is not printed on the standard IRS form. it's often the case that the code in box 7 is 7 and is present, but the code 7 is being mistaken for the box number.