https://ttlc.intuit.com/community/retirement/discussion/1099-r-incorrect-code/01/3577361#M242744 <P>I contributed to a SIMPLE IRA through work.&nbsp; When I received my 5498 for 2023 it showed $300 was contributed to a SEP account instead of the Simple.&nbsp; I called the financial guy and he said he would get it changed.&nbsp; The company was sold and the new company did not do the contributions so it all had to be rolled over into a regular IRA.&nbsp; He said it was done on April 15 of 2024.&nbsp; Now I received 1099-R for the $300 with a code P and another one with $31.80 and a code 8.&nbsp; Both are in 1 &amp; 2a with the X for IRA/SEP/SIMPLE.&nbsp; My 5498 shows the total amount to be a rollover contribution.&nbsp; When TT pulls in the information it tells me I need to amend my 2023 tax return.&nbsp; Why?&nbsp; I did not get the money.&nbsp; It was a straight rollover not an excess contribution.&nbsp; Had it been put in the correct account to begin with I would not be having to amend anything.&nbsp; Does Ameriprise need to correct their code to a rollover or do I have to amend my 2023 tax return?&nbsp; I did try to amend it to see what it would do and it would not let me put it in correctly.&nbsp; Any help would be appreciated.</P> Tue, 18 Mar 2025 00:12:42 GMT rkcraven 2025-03-18T00:12:42Z https://ttlc.intuit.com/community/retirement/discussion/1099-r-incorrect-code/01/3577361#M242744 <P>I contributed to a SIMPLE IRA through work.&nbsp; When I received my 5498 for 2023 it showed $300 was contributed to a SEP account instead of the Simple.&nbsp; I called the financial guy and he said he would get it changed.&nbsp; The company was sold and the new company did not do the contributions so it all had to be rolled over into a regular IRA.&nbsp; He said it was done on April 15 of 2024.&nbsp; Now I received 1099-R for the $300 with a code P and another one with $31.80 and a code 8.&nbsp; Both are in 1 &amp; 2a with the X for IRA/SEP/SIMPLE.&nbsp; My 5498 shows the total amount to be a rollover contribution.&nbsp; When TT pulls in the information it tells me I need to amend my 2023 tax return.&nbsp; Why?&nbsp; I did not get the money.&nbsp; It was a straight rollover not an excess contribution.&nbsp; Had it been put in the correct account to begin with I would not be having to amend anything.&nbsp; Does Ameriprise need to correct their code to a rollover or do I have to amend my 2023 tax return?&nbsp; I did try to amend it to see what it would do and it would not let me put it in correctly.&nbsp; Any help would be appreciated.</P> Tue, 18 Mar 2025 00:12:42 GMT https://ttlc.intuit.com/community/retirement/discussion/1099-r-incorrect-code/01/3577361#M242744 rkcraven 2025-03-18T00:12:42Z