Therefore, TurboTax assumes the 1099-R is for 2016 so code "P" states "P-Return of contribution taxable in 2015". However, TurboTax asks on one of the following pages "Look at the year on Form 1099-R. Does it show 2016 or 2017?" If 2017 is selected, the code "P" will automatically be updated to "P-Return of contribution taxable in 2016". Correct?
