Form 1099-R Box 7a
Code 7: Normal distribution
The payment is a normal retirement distribution, typically after age 59½.
Usual federal tax treatment
The taxable amount is generally ordinary income with no 10% additional tax.
What to do next
Report the gross and taxable amounts on the pension or IRA lines of Form 1040.
Estimate this distribution
Enter Box 1, Box 2a, Box 4, your age, other income, and code 7 to estimate taxable income and possible additional tax.
Open the 1099-R calculator