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Yes, that box on the 1099-R form should be checked ONLY is the Payer was an administrator for an IRA or SEP IRA or a Simple IRA.
A 401(k) plan is none of those.
Yes, that box on the 1099-R form should be checked ONLY is the Payer was an administrator for an IRA or SEP IRA or a Simple IRA.
A 401(k) plan is none of those.
What should I do if my 1099-R has that box incorrectly checked off for a 401K plan?
There is no box on a 1099-R for a 401K. There is a box to indicate if it is an IRA/SEP/SIMPLE only. Do you have a question related to how something is being taxed?
Thank you! Form 1099-R most be amended.
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