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pmt49009
New Member

IRA box not checked on 1099-R. Code said it is charges/ payments for purchasing qualified long term care insurance under combined arrangements. What do I mark for source?

 
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MarilynG
Expert Alumni

IRA box not checked on 1099-R. Code said it is charges/ payments for purchasing qualified long term care insurance under combined arrangements. What do I mark for source?

If none of the choices for source seem applicable, choose 'none of the above'.  

It won't affect your Federal taxes. 

If the 'source' was a state retirement pension, it could affect your State taxes.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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MarilynG
Expert Alumni

IRA box not checked on 1099-R. Code said it is charges/ payments for purchasing qualified long term care insurance under combined arrangements. What do I mark for source?

If none of the choices for source seem applicable, choose 'none of the above'.  

It won't affect your Federal taxes. 

If the 'source' was a state retirement pension, it could affect your State taxes.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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