Hello,
Thanks for your reply!
I called Fidelity retirement today, after 3 hours of holding. They insisted they had the right code on the form 1099R, which is J. And they stated that this is what they do all the time, sending a form 1099R with a code J and a form 5498. And having both of them side by side should have cleared things up for Tax preparers. They made it very clear that they wouldn’t change code from J to P. (Basically they said they didn’t misunderstand my situation, they just put a code J on 1099R for everyone else)
However, TurboTax software said we don’t need to enter form 5498 and there is no way to enter the form 5498.
I went back to TurboTax, realized that TurboTax does address situations like this by having us complete a Substitute Form 1099-R which is located on the same page where 1099-R form would be.
I hope will solve my problem. Again thank you very much for your reply!
