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Retirement tax questions
In the time since my last post, I have been working diligently to get Fidelity to give me an answer on the Box 7 question. My research showed that box 7 needed to have "M" to indicate plan loan offset. After being handed to 2 different departments, they came back and said the original code of "1" was correct and they were not going to change anything.
With that being said, I am now working with Etrade to ensure that on my 5498, box 13a is filled in for late contribution and box 13c is coded "PO" for plan loan offset. I am within the time frame allowable by tax law, so I do not believe I should be penalized by Fidelity's refusal to change a code in the 1099R.
That is where I stand up to this point. Thanks for your interest and its comforting to hear from someone else in this situation, especially someone that has dealt with Fidelity.
Dan