A 2014 1099-R has been received that, as like in all past years, has Distribution Code 7 (Normal Distribution) but, unlike all past years, now has IRA/SEP/SIMPLE checked.
This is for a "traditional" fixed-amount/defined-benefit employee retirement annuity that commenced at age 65 in 2005. All 10099's received since then (save for this 2014 edition) have not had the IRA... box checked.
I have also received from the 1099 issuer (for the first time) a [typically] un-dated computer-generated "year-end fair market value in accordance with federal rules ..." letter advising me of some dollar amount and other boiler-plate.
Before I try to contact the issuer (with the likely prospect of reaching someone who doesn't know anything - let alone about this subject) does the fact that the 2014 1009-R now has the IRA/... box checked present a complication to me?
I recognize that the 1099 reported amounts remain fully taxable to me (both federal and state) but wonder whether the checked box is something I should now be concerned about? Should I waste my energy trying to get a 1009-R re-issued? Will I now be exposed to something that could be avoided?
Thank you for your insight. Geo. Salisbury Long Valley, NJ