I'm trying to enter a 1099R form that has a distribution code of 1M. There is no option to enter this code other than in two different drop downs in TurboTax. How do I enter this distribution code...there is 2 drop downs, Does code 1 go in one dropdown window and M in the second drop down window right underneath? Is this how this needs to be entered? This is a loan offset, did they already take this money from my existing balance I had and is the amount coded 1M subject to taxes? When I enter it as 1M it reduces my refund by 10%. Appreciate what information you can provide on this.
You'll need to sign in or create an account to connect with an expert.
enter the codes separately as you inferred.
you must click CONTINUE after entering a 1099-R
this may answer your other questions.
Thank you
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
p5ssref
New Member
Douglas317
New Member
griff6
New Member
poncho_mike
Level 3
riverapaulmichele1
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.