@Kmalesh wrote:
Thank you macuser_22, best ans so far.
I have few more questions on the same line. While filing 1099-R form on Turbo-Tax seeing, below field not sure what to select
1. box 2b check box ??
2. box 7: selected 'P' , below that seeing one more drop box where I am able to find "8-Return of contribution taxable in 2019" , should I also select that ?
#1 No. 2b does not apply
#2 No. Code P is correct. It was a 2019 contribution returned in 2020. (Code 8 is for a 2019 contribution returned in 2019 and you would already have the 1099-R if returned in 2019.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
