Box 7 on a 1099-R is blank. No code!Northern Trust says there should NOT be a code.TurboTax says it needs a code. What now?

Forum|Forum|6 years ago
June 1, 2019
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Irene2805

Did Norther Trust give a reason for no code in box 7? What kind of distribution was it?

fniepoldAuthor

It's just a normal distribution, like last year, and just like three other 1099-Rs I have. Northern Trust says no code is required (which I thought!). There are no codes on Box 7 of the other 1099-Rs I have.

dmertz

A Form 1099-R without a code in box 7 is not valid.

If you are over age 59½, are you sure that box 7 does not have code 7? It's not uncommon for people to miss seeing a code 7 since it is the same as the box number.

e38543

"are you sure that box 7 does not have code 7? It's not uncommon for people to miss seeing a code 7 since it is the same as the box number."

Outstanding, thanks! That was it!

fniepoldAuthor

Well, I figured it out. The box on the 1099-R is actually divided into two boxes; the left hand side has a code "7" in it, the right hand side has a box in it which is empty. I guess I took the "7" on the left hand side to be a repeat of the line # 7, instead of the code you need. So, I'm the dummy. Sorry to bother you.

Irene2805

It's an easy mistake. You were smart enough to ask the question!!!!

Irene2805

If it was a regular distribution, go ahead and put code 7 in box 7. As dmertz points out, a 1099-R without a code in box 7 is not valid. I would speak to someone higher up at Northern Trust and pursue the issue.