On a 1099R form that was a 401K plan the IRA/SEP/SIMPLE box is not checked. Is that correct?
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1 Best answer
BMcCalpin
Level 13
Jun 4, 2019 5:43:39 PM
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.
4 Replies
BMcCalpin
Level 13
Jun 4, 2019 5:43:39 PM
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.
ymatos1
Returning Member
Mar 28, 2024 4:49:26 AM
What should I do if my 1099-R has that box incorrectly checked off for a 401K plan?
CatinaT1
Expert Alumni
Mar 28, 2024 6:13:59 AM
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?