dmertz
Level 15

Retirement tax questions

The account from which this distribution was made is apparently not an IRA.  It's probably a 401(k).

 

You must enter the Form 1099-R exactly as provided by the payer; box 2b Taxable amount not determined must remain marked.

 

What is the code in box 7 of this Form 1099-R?

What amount, if any, is shown in box 5 of this Form 1099-R?

 

Regarding the loan repayment, did this repayment occur before or after the $17,000 distribution being reported on this Form 1099-R?

Did you receive a different Form 1099-R with code L in box 7 due to defaulting on the loan, perhaps in a previous year?  If so, what was the amount in box 1 of that Form 1099-R?