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My 1099-R does not have a box for IRA/SEP/SIMPLE , so should I answer No, the box is blank? Box 7 is code 7. Taxable amount is zero.

Forum|Forum|7 years ago
June 3, 2019
15 replies
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Employee Contribution (box 5) and Gross Distribution (box 1) are the same amount.

TurboTax Premier Online

Best answer by macuser_22

Many 1099-R issuers leave off boxes that do not apply - the TurboTax form has all boxes. Leave them blank if not on your form.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.

Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

Show previous replies

macuser_22

Employee

You don't answer no, you just do not check that box. The 1099-R with the G will automatically be a rollover when you enter it. Assuming that you also rollover the one with the 7 within 60 days from the distribution, and not just take the cash, then when the interview asks what you did with the money, you say that you moved it to another account and then that you rolled it over. If you did not roll it over the just say that you cashed it out.

**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.**

VolvoGirl

Employee

But later in the 1099R interview I think it does ask you if that box is checked. Just to double check. You say NO there.

M

medempsAuthor

Turbo Tax first asks to check a box which I left blank, then it asks a Yes or No question that I should answer No. Don't know what else I can do since my 1099R does not have the IRA/SEP/SIMPLE box on the form.

macuser_22

Employee

Answer NO.

**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.**

macuser_22Answer

Employee

Many 1099-R issuers leave off boxes that do not apply - the TurboTax form has all boxes. Leave them blank if not on your form.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.

Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**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.**