My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?

Sorry a code L

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My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?

It sounds like your employer considered the money a distribution - you'll want to contact them and follow up. I would suggest filing an extension to give you more time to address this - you can go to

https://turbotax.intuit.com/tax-tips/tax-extensions/what-are-tax-extensions/L5IG9YiQ7

for more information on this process.

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My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?

My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?

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My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &amp;not taxable?

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My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &amp;not taxable?

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My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?

My employer marked the distribution code on my 1099-R as a 1 but it is actually a loan I am paying back over 5 years. Would that not be considered a code L &not taxable?