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2 replies

March 13, 2021

If there is no code in Box 7 of your Form 1099-R, then you should contact the financial institution that issued the Form 1099-R for a corrected/replacement Form 1099-R.  The code is required to determine the correct tax treatment of your distribution.  

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Employee
March 13, 2021

do you have text instead?

occasionally, an issuer may use text, which is, of course, non-standard.

Employee
March 14, 2021

If you are over age 59½, it's likely that the code is actually present.  It's relatively common for people posting this question on this forum to not recognize a code 7 in box 7.