1099R, box 12 -14. My 1099R has EXEMPT in box 12, TT has a numerical value for this box. Box 14 my 1099R has a state, where TT wants a dollar amount. How do I enter?
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1099R, box 12 -14. My 1099R has EXEMPT in box 12, TT has a numerical value for this box. Box 14 my 1099R has a state, where TT wants a dollar amount. How do I enter?

 
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Level 15

1099R, box 12 -14. My 1099R has EXEMPT in box 12, TT has a numerical value for this box. Box 14 my 1099R has a state, where TT wants a dollar amount. How do I enter?

That is an improper 1099-R since nothing other than a positive dollar amount is allowed in box 12.   Leave boxes 12-14 blank (the payer was probably trying to be helpful by adding unnecessry information.)

**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.**
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