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Form Gc 7r

Form Gc 7r

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What is a W-9 tax form? What is a W-9 tax form?

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uh another quick tax return question I just saw someone ask on a 1099-r what is code 7 in box 7. so just quickly recapping 1099-r is a tax form you get at the end of the year technically early the next year for any distributions you took from a uh retirement type plan so an IRA a Roth IRA a pension an annuity any monies you get out of those will all show up on a 1099-r that you then have to report on your tax return so question is there's a bunch of different boxes on there one is box seven and it'll a row seven line seven and it'll have various different distribution codes of which there's a few dozen I believe uh the question specifically is what is code seven within that box seven and furthermore is it taxable if it's code seven so code seven simply means it's a normal distribution it doesn't tell you a lot all it basically says is the person who took the distribution is over 59 and a half that's about it there could be more to it but that that's all that really means for the most p

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