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Level 2
posted Feb 3, 2022 2:36:51 PM

1099-R Form has the letter "N" in Box 8 Other

There is a "1" in Box 7 Distribution code(s).  Should I treat this letter in Box 8 as a 2nd distribution code?  

Thanks!

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2 Replies
Level 15
Feb 3, 2022 2:40:30 PM

The box 7 on the Form 1099-R in TurboTax has two boxes to enter the codes.  Enter 1 as the first code and directly below enter the N as the second code.

Level 15
Feb 3, 2022 2:56:00 PM

The letter N in box 8 is extraneous.  It should not be there.  Box 8 is only for a dollar amount or a numeric percentage.  Box 7 an codes 1 and N are incompatible with each other, so the N in box 8 cannot be a misplaced box 7 code.  Ignore the "N".

 

Code 1 by itself indicates an ordinary early-distribution.