jasontran
Level 4
02-09-2020
06:38 PM
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Hello,
Please some body help me. I encountered a 1099-R with a code M1. I googled; it said code M1 is a loan that was paid off with an offset distribution from the retirement plan.
I look in the Proseries Professional 1040 tax software. There is no such a code listed in there. But there is a code M. What code should I select from the list?
Thank you,
jason
Best Answer Click here
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Level 15
02-09-2020
06:45 PM
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You should have 2 entry spots for codes in Box 7, you put M in one of them and 1 in the other.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Camp1040
Level 11
02-09-2020
06:48 PM
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Look again!!!
First drop down box 7 select M second drop down box select 1.
Camp1040
Level 11
02-09-2020
06:49 PM
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Didn't see your post...great visual.