What is a Code 7 Normal Distribution?

If Box 7 of your 1099-R shows a 7 in it, this distribution is not taxable if you met the plan requirements (the age and/or years of service required by the plan) for retirement, and you retired after meeting those requirements.

CAUTION: If the distribution is from an annuity, it may be taxable. See the PA-40 form instructions.

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