1099-R

[barbgreenx]

Under the exception code are there any that waved the 10% penalty, because of a covid hardship.

Thank you in advance

[IRonMaN]

Yes

[barbgreenx]

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]

"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"

https://proconnect.intuit.com/community/retirement-tax-credits-and-deductions/help/generating-form-8...

"My Clients dist code is 1 should she get a corrected 1099R to reflect this?"

No. There's nothing wrong with it.