Drake Tax - IL - 1099-R Box 7 Codes Not Showing

Article #: 13937

Last Updated: October 21, 2024

 


Tags: Drake Tax1099R

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Per Illinois Department of Revenue guidance, both codes D and F in box 7 of the 1099-R are not considered distributions from a “Qualified” retirement plan and should not flow to line 5 of the IL-1040:

  • D - Annuity payments from non-qualified annuities that may be subject to tax under section 1411.

  • F - Charitable gift annuity

For more information, see the IL Publication 120.