1099-R

[jasontran]

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

[Just-Lisa-Now- · Accepted solution]

You should have 2 entry spots for codes in Box 7, you put M in one of them and 1 in the other.

[Camp1040]

Look again!!!

First drop down box 7 select M second drop down box select 1.

[Camp1040]

Didn't see your post...great visual.