Code pj on 1099-r

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Forgot Your Password? If the Form is prepared due to other early distributions, this entry also carries to that form. Otherwise, the Form is not prepared. If the distribution code entered is "1B" or "1D", the taxable amount of the distribution carries to Form , line 16 as a pension distribution. If the distribution code entered is "18" or "1K", the taxable amount of the distribution carries to Form , line 15 or 16 as a pension or IRA distribution.

Code pj on 1099-r

Post by worthit » Tue Feb 21, pm. Post by toddthebod » Tue Feb 21, pm. Post by Alan S. Post by worthit » Thu Feb 23, am. Privacy Terms. Time: 0. Quick links. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. There were no gains only loss. But wondering what this code "PJ" means and if I should be handling this in a specific way as far as reporting, filing etc. Re: R has Code PJ with no taxable amount - what does this mean? Post by worthit » Tue Feb 21, pm Alan S. Post by worthit » Thu Feb 23, am Alan S.

Repeat for your wife You might want to check if you have the excess contribution penalty on your return Form part IV.

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Post by furwut » Thu Mar 02, pm. Post by Easy Rhino » Fri Mar 03, am. Post by furwut » Fri Mar 03, am. Post by Alan S. Privacy Terms. Time: 0. Quick links.

Code pj on 1099-r

Should a separate r form with code 8 been received? Report the box1 amount as taxable income in on Schedule 1 other income; and not entering the actual r form as received. It sounds like your client removed excess contribution to an IRA.

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Distribution Code F If the distribution code entered is "F", the distribution carries to Form , line 16 as a pension distribution. File taxes. Need more help? This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. Likely explanation I've had the "PJ" code before File your own taxes. Otherwise, the Form is not prepared. The supporting statement references this as a rollover. With nothing in Box 2a there is no income to report for , and there is no deduction for the loss. Sign in. Also, if I absolutely have to file tax filing amendment, and I include this R in that amendment, then do I still include this R in the tax filing that I'm preparing now? Note : If this distribution is eligible for the year tax option on Form , the distribution should not be entered here, but instead entered on the Tax on Lump-Sum Distributions worksheet. See the explanation under Distribution code "1", "2", "3", "4" and "7" for the treatment of Distribution codes "D1", "D2", "D3", "D4" and "D7". Modal title.

This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information.

Enter a user name or rank. The Form is not required in this situation. Make a post. If the distribution code entered is "BP" the distribution carries to Form , line 16 as a pension distribution, but read the following caution. See the explanation under Distribution code "1", "2", "3", "4" and "7" for the treatment of Distribution codes "D1", "D2", "D3", "D4" and "D7". I hope this info helps! Otherwise, the Form is not prepared. No Form is prepared and the distribution carries to Form , line 15 or 16 as a pension or IRA distribution, but read the following note. Email Address. You are leaving TurboTax. Quick links.