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ozziefudd
New Member

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

 
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6 Replies
CatinaT1
Employee Tax Expert

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

You may need to get a corrected 1099-R from the issuer that includes a distribution code.

 

What type of legal settlement was it for?  Perhaps it is not taxable and the issuer should not have issued a 1099-R.

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Michele N
Returning Member

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

I have the same issue.  Mine was from a settlement of group law suit against my former employer for undercalculation of retirement matches.  The total amt. is for $11.92 and no taxes were withheld.  Says "n/a" in box 7.  Turbo tax doesn't have n/a as a drop down selection, and it won't let me past the entry.  I tried calling the phone number on the Payer's information, but it is no longer in service.

 

ozziefudd
New Member

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

I was able to speak to someone from Turbo Tax and she advised me to just use code 7 as the amount was negligible and wouldn't seriously affect my return. That worked.

 

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

You don't get a 1099-R for a settlement; you get a 1099-MISC.

Take another look at your document.

Michele N
Returning Member

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

Definitely a 1099R.  It was a class action settlement for retirement plan contribution that took too much out a few decades ago!

ozziefudd
New Member

I have a 1099-R from a legal settlement. There is no distribution code (says "n/a"), Turbo Tax doesn't have an n/a code and won't let me continue. What do I do?

Maybe you shouldn't have received a 1099-R for this transaction, but it happens and no one wants to go through the agony of trying to getting the form reissued properly.

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