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Company was bought out by another, I did have a loan with the previous company, but I never asked for a cash out/disbursement, and I am now confused about 1099-R
I have since determined, after reading some other posts, that the 1099-R form still needs to be entered because obviously the IRS received it too. Reading those other posts, I saw that the suggestion was to enter a note on the screen saying that I did not ask for a disbursement, and that I wanted to keep it with them. But I don't see that option at all. In fact, I read that forum post before I went to do it myself, and I was never asked that.
Is there a way for me to fill that out?
My understanding is that the company (the retirement one, not my former employer) automatically decided to list it as a distribution. (I also thought I had already paid off my load from my 401k but that's a whole different story)
Anyway, if I want to keep my 401k with them, that shouldnt be taxable, right? If correct, then how do I tell Turbotax then?