IS A DEATH BENEFIT (CODE 4 IN BOX 7 OF FORM 1099R) FROM AN ANNUITY INVESTMENT INCOME FOR CODE SECTION 1411 PURPOSES?

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The instructions for form 8960 state that.... 'amounts subject to NIIT should be identified with code "D" in box 7.  If code "D" is shown in box 7 of form 1099R , include on form 8960, line 3."

[sjrcpa · Accepted solution]

If it was a retirement annuity - No.

Any reason to believe the 1099R is incorrect? Payers usually get it right. The investment annuities have 4D or 7D in Box 7.

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The 1099R could well be wrong, but the only code is the '4', Death benefit (paying out over 5 years),,,