dmertz
Level 15

Retirement tax questions

This is a pair of codes, code 1 and code M.  Select code 1 in TurboTax's first box-7 box, mark the box below to indicate that you have a second code, then select code M in the second box.

 

Note that you have until the due date of your 2022 tax return, including extensions, to come up with the funds an complete a rollover of this qualified offset distribution and be able to continue to defer the income and avoid the 10% early-distribution penalty on whatever portion you can roll over.