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1099-R

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Level 3
last updated ‎February 09, 2020 6:38 PM

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

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1 Solution

Accepted Solutions
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Level 15
Level 15
last updated ‎February 09, 2020 6:38 PM

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

m1.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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3 Replies 3
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Level 15
Level 15
last updated ‎February 09, 2020 6:38 PM

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

m1.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

Highlighted
Level 7
last updated ‎February 09, 2020 6:38 PM

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

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Level 7
last updated ‎February 09, 2020 6:38 PM

Look again!!!

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