JANIROSS
New Member

Retirement tax questions

I was working for a company with an outstanding 401K loan. I quit  this job and went to work for a new company. My 1099-R lists 1M as a distribution code. In an attempt to file my taxes, the dropdown option "1M" is not available on my tax software.  I was told i should not select code 1L instead. I am not able to pay this money back or to rollover. What should I do?