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What does R stand for in a distribution box
Form 1099‑R tells you, and the IRS, that money left a retirement or insurance account and the nature of that distribution. You receive it if you had $10 or more in distributions from a retirement plan, IRA, pension or annuity, or certain insurance contracts. 1 The form is divided into numbered boxes that tell the IRS how much you. New code Y for box 7. We added a new code "Y" to the list of codes for box 7 to identify a qualified charitable distribution (QCD).