rn22
Level 1
03-10-2024
03:48 PM
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An update:
Apparently, the client made a mistake in filling out a form for distribution. Instead of checking the normal distribution box, he checked on the return of excessive distribution box and the payer without any comment accepted the form as is. And then sent out the 1099-R form with code P.
Have asked the client to request for a corrected 1099-R form with code 1.