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What is form 1099R

Forum|Forum|5 years ago
August 25, 2020
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I could not find box7 in form1099int

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Best answer by bluedeb

What form do you have? You are stating two 1099 forms.

Form 1099-R is used to report distributions from annuities, profit-sharing plans, retirement plans, IRAs, insurance contracts, or pensions. Box 7 on the 1099-R form is for the code for what type of distribution you had.

Form 1099-INT is the IRS tax form used to report interest income.

X

xmasbaby0

Employee

Sounds like you are trying to enter something in the wrong place. A 1099R is a document that shows money you took from a retirement plan like an IRA, 401k, etc. or pension income. A 1099INT is for interest you got on an account with a financial institution.

Are you trying to enter a 1099R?

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

Or are you trying to enter a 1099INT? Go to Federal>Wages & Income>Interest and Dividends>Interest on 1099-INT

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

bluedebAnswer

Employee

What form do you have? You are stating two 1099 forms.

Form 1099-R is used to report distributions from annuities, profit-sharing plans, retirement plans, IRAs, insurance contracts, or pensions. Box 7 on the 1099-R form is for the code for what type of distribution you had.

Form 1099-INT is the IRS tax form used to report interest income.