Question

What should I do? my 1099r shows a distribution code of 7a but I'm getting an error message. What should I do?

Forum|Forum|2 years ago
April 11, 2024
3 replies
0 views

How can I proceed? A CPA used the same code last year and it was accepted

TurboTax Deluxe Online

TomK2023

This was just a normal distribution, correct?

Use Code 7: (a) for a normal distribution from a plan, including a traditional IRA, section 401(k), or section 403(b) plan, if the employee/taxpayer is at least age 59 1/2

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T

TomD8

Employee

"7a" is two separate codes: Code 7 and code A.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/codes-box-7-1099-r-mean/L5OE1Zdgx_US_en_US

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

D

dmertz

Employee

If your Form 1099-R had 7A in box 7, codes 7 and A are separate codes. Select code 7 in one of TurboTax's code selection boxes, mark the box to indicate that you have a second code, then select code A in the second box. Code A with code 7 indicates a distribution to someone born before January 2, 1936 that might be eligible for special 10-year averaging on a lump-sum distribution.