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Form 1099R distribution code show 6, section 1035 exchange is showing as taxable. What am I missing? Should be tax free.

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Level 15

If you loaded it in correctly with the right code, it should be tax free.  If it still wants to tax things after you have double checked your entries, delete the 1099R and try again.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Level 15

If you loaded it in correctly with the right code, it should be tax free.  If it still wants to tax things after you have double checked your entries, delete the 1099R and try again.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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