1999 1099-R: Loans

[Guest Melissa Winslow]

I have a defined contribution plan which issued a loan to a participant during 1999. The loan is not in default, but was errorneously reported on a 1999 1099-R with a "L" distribution code. My question goes to the correction of this problem. The IRS instructions indicate to prepare a corrected 1099-R with the correct money amounts - which would be zero. However, the instructions are silent as to whether or not the distribution code box should be left blank or if it should remain as orgininally marked ("L" in this case). Any information would be appreciated.

[Guest]

I would leave the L in.