Taxpayer has a Code 1L on 1099R. She is still employed by the same business where she took the loan out on her retirement. Since still employed by them doesn't the Code 1L mean she defaulted on the loan? Did not pay it back?
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1099R, Code 1L
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Originally posted by geekgirldanyTaxpayer has a Code 1L on 1099R. She is still employed by the same business where she took the loan out on her retirement. Since still employed by them doesn't the Code 1L mean she defaulted on the loan? Did not pay it back?Everybody should pay his income tax with a smile. I tried it, but they wanted cash
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