sharpcougar
Level 3
10-15-2022
08:45 PM
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Has anyone had code 1M before in box 7 of 1099R? When I look at ProSeries, there is no code 1M - either 1 or M. Thoughts?
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sewcpa
Level 5
10-15-2022
09:33 PM
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That Box 7 has space for two codes. On the computer screen there are 2 squares - put 1 in the 1st and M in the 2nd. (Taxpayer had a loan "paid off" with the distribution and he is not old enough-please penalize)
