2022年2月27日 · Code 6 for box 14 corresponds with "Other (not classified)." After doing a little sleuthing and math, I am pretty sure that Code 6 stands for total pre-tax medical/dental/vision insurance premiums you paid.

2023年3月26日 · A code 6 in box 7 of the Form 1099-R will not add taxable income on your tax return. Was there an amount in box 2a? Were any boxes checked in box 2b? TurboTax would have correctly entered the gross amount from box 1 of the Form 1099-R on the Form 1040 Line 5b and 0 on Line 5b as the taxable amount.

2025年2月19日 · The code that you should use depends on what you are selling. Select from the list of codes at the end of the IRS instructions for Schedule C, starting on page 19. VolvoGirl gave you a link to the instructions.

2019年6月6日 · Schedule C is asking Enter a valid 6 digit business activity code between 000001 and 999000, or enter 999999. It sounds like you've already entered some self-employmnet information in TurboTax. To enter your Business Code in TurboTax Online:

2019年6月5日 · A code W Form 1099-R reports amounts that are explicitly excludible from income under Section 72(e)(11) of the tax code. Since this distribution is not taxable, there is no penalty. Section 72(e)(11) of the tax code also treats the distribution from the annuity as a nontaxable distribution of basis (to the extent of the basis in the annuity).

2024年2月16日 · The updated IRS chart says that an online seller should use the code for retailers of the primary type of product that you sell. It would be the same code that you would use if you had a bricks-and-mortar store selling the same products. In other words, you use a code representing the type of products being sold, rather than the sales channel.

2019年5月31日 · Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!

2025年2月19日 · Enter code "P" in box 7 (Top) - don t worry that it will say "taxable in 2023" Enter code "J" in box 7 (Bottom). On the "Which year" screen say that this is a 2024 1099-R. In the follow-up questions you can indicate that you recharacterized the distribution, but you'll pay tax on the earnings in 2024.

2019年6月4日 · Per 1099-C instructions, "Box 6. Shows the reason your creditor has filed this form. The codes in this box are described in more detail in Pub. 4681.

2019年6月6日 · The principal business code is a six digit number that represents the field of work you are in. This code is entered on your Schedule C. The complete list of codes can be found on pages 17-18 of the link below.