Question

I cashed in an insurance policy and received a 1099-R. There is no distribution code in Box 7. It requires a code before proceeding... what do I put?

Forum|Forum|4 years ago
April 2, 2022
1 reply
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TurboTax Self Employed Online

Employee

It's probably there. It's somewhat common for people to overlook a code 7 in box 7 because the code is the same as the box number.

B

be---salonAuthor

For sure nothing is there. We have other 1099-R's and the codes are there but not on this one. Thanks for your response.

macuser_22

Employee

@be---salon wrote:

For sure nothing is there. We have other 1099-R's and the codes are there but not on this one. Thanks for your response.

Then contact the issuer for a corrected 1099-R since that one is not valid. Box 7 is required to have a code. You cannot file without it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I cashed in an insurance policy and received a 1099-R. There is no distribution code in Box 7. It requires a code before proceeding... what do I put?

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