What do all the codes in Box 7 of the 1099-R mean? - Intuit
The codes in Box 7 of your Form 1099-R indicate the type of distribution you received. We'll use these codes and your answers to some interview questions to help us determine if your …
2023 1098-T box 7 checked - ttlc.intuit.com
2023 1098-T box 7 checked okay, so i filed my taxes already. they have been accepted by the irs but have not released due to child income credit being delayed till February. I am still getting a …
Please explain box 7 (social security tips) on my W2... - Intuit
Mar 7, 2022 · The regular wages are in box 1, and then the social security tips in Box 7 plus the social security wage in Box 3 should equal Box 1, total wages. It doesn't change anything on …
Solved: 1098-T box 7 - Intuit
Mar 5, 2022 · Box 7 indicates, if checked, that Box 1 includes amounts for an academic period beginning in the next calendar year. If the 1098T is for the year 2021, the correct answer is the …
Box 7, W2 Reported tips but the employer charged an automatic
Jun 4, 2019 · No, box 7 tips should not be reported by you, as additional income. The Box 7 amount is already included in the box 1 amount. So, box 7 is only informational. TurboTax (TT) …
What is the box 7 distribution code for a standard IRA to ROTH …
Mar 3, 2025 · Expanding on what the others have said, the code that must be entered into TurboTax is whatever code the financial institution puts in box 7 of the Form 1099-R. You do …
1099-R Box 7 on roth ira distribution-what number/letter should …
Jan 23, 2025 · Enter the Form 1099-R as received. Do not change the code in box 7. The code for an ordinary distribution from a Roth IRA is reported only with code J, T or Q. If you are under …
Entering 1099R - Box 7 code "BG" does not exist in TurboTax
Feb 25, 2024 · On your form 1099-R, BG is the combination of two codes. You can have up to two distribution codes in box 7. If you see more than one letter or number in box 7, check the box I …
On form 1099-R Box 7 is marked 7D. How does that translate - Intuit
Apr 21, 2021 · Box 7 is used to report income to you. The different codes within box 7 tell what the tax treatment of any distribution amounts should be. 7 is the code for Normal Distribution …
1098-T Box 7 checked: how to handle, and where are ... - Intuit
Mar 7, 2024 · The lack in the 970 of any reference to "Box 7" makes it difficult to know which verbiage is relevant. I would have thought that a 79-page publication referenced directly in an …