Code R designates a recharacterized contribution, which is the movement of a contribution from one type of IRA to another. This is a non-taxable event used to undo a prior contribution. The codes in Box 7 of your Form 1099-R indicate the type of distribution you received. These 1099-R distribution. Updated on November 17, 2025 - 12:15 PM by Admin, TaxBandits Form 1099-R is used to report passive income, such as annuities or pensions, or distributions made from retirement plans. Watch four areas first, Box 1 gross distribution, Box 2a taxable amount, Box 4 federal withholding, Box 7 distribution.
