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Get your taxes done using TurboTax
@arenganathan1951 wrote:
Should i follow this 1099-R path or report it on Form 1040 line 1?
A code P *does* put it on the the 1040 line 1 the exact same way as the Miscellaneous income method does. (Two ways to do the same thing.) Take your pick - but the Miscellaneous income method is less pron to errors - many people get confused by the 1099-R interview questions.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 24, 2021
10:58 AM