barbgreenx
Level 3
03-10-2021
06:27 PM
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Under the exception code are there any that waved the 10% penalty, because of a covid hardship.
Thank you in advance
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IRonMaN
Level 15
03-10-2021
06:29 PM
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Yes
Slava Ukraini!
barbgreenx
Level 3
03-10-2021
07:24 PM
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Thanks Ironman
What should the distribution code be on the 1099R?
And where do I put it in Proseries so that there no 10% penalty
My Clients dist code is 1 should she get a corrected 1099R to reflect this?
Thanks Again
B Green
qbteachmt
Level 15
03-10-2021
07:27 PM
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"What should the distribution code be on the 1099R?"
Enter what is on that 1099-R. You don't create that code. You reference it.
"And where do I put it in Proseries so that there no 10% penalty"
"My Clients dist code is 1 should she get a corrected 1099R to reflect this?"
No. There's nothing wrong with it.
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Don't yell at us; we're volunteers
