austin3515 Posted January 18, 2017 Posted January 18, 2017 It looks like when doing 1099's I would include code L, but ONLY code 1 if the participant is under 59.5? If they are over 59.5, it is just code L? Agreed? This person is active so no offset. Austin Powers, CPA, QPA, ERPA
ETA Consulting LLC Posted January 18, 2017 Posted January 18, 2017 Agreed. Don't forget the additional "B" if it was from a Roth Source. Good Luck! CPC, QPA, QKA, TGPC, ERPA
BG5150 Posted January 18, 2017 Posted January 18, 2017 Code 7 is only used with A, B, D, or K according to the instructions. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now