Questions & Answers

What is a Code 7 Normal Distribution?

If Box 7 of your 1099-R shows a 7 in it, this distribution isn't 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.

However, if the distribution is from an annuity and the distribution code is 7D, the distribution is taxable to the extent it's taxable for federal income tax purposes.

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