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Question

Why did I receive a 1099-R from my employee retirement plan? I've never received one before and didn't take out any money from those accounts so am very confused.

Forum|Forum|1 year ago
February 8, 2025
1 reply
0 views

I've searched around and read through several articles, but it's not making sense to me. I didn't rollover any accounts or take anything out of them. Can someone break this down?

Employee

What is the code in box 7 of the Form 1099-R?

cyd11Author

7 is the code which in checking the form means "normal distribution."

Employee

Then your plan administrator has posted the Form 1099-R because they have information that you were sent a distribution from your account. If there is an amount in box 1 of the 1099-R and you never received those funds then you need to contact the plan administrator. The name and phone number should be shown as the Payer on the Form 1099-R.