Drake Tax - IL - 1099-R Box 7 Codes Not Showing
Article #: 13937
Last Updated: October 21, 2024
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:
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D - Annuity payments from non-qualified annuities that may be subject to tax under section 1411.
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F - Charitable gift annuity
For more information, see the IL Publication 120.