Hello @daman100169
I find myself in the same situation as you are. The distribution code on my 1099-R for my defaulted 401k loan balance after I left my former employer is set to "1". The agent I talked to at TD Ameritrade where I plan to do the late rollover says I can simply call, email or chat online with them to request that box 13a for the 5498 be set to late contribution and box 13c code is set to "PO". I am told I can ask them to do this anytime after I fund my IRA account for the 1099-R amount I will be reporting in this year's return as a "plan loan offset amount rollover".
My question to you is, since you did this in tax season of 2020 (leaving distribution code of your 1099-R as "1"), did it all go through without any problems with the IRS? Could you share your experience on this further?
Thank you!
