Not at all clear what you are trying to achieve here! What are "F2" etc
referring to? Are these different cells, or are these different values? are
you trying to say that if the result of your IF statement is "F2", you want
further analysis on the result, or what? I suggest you provide a bit more
detail, so that your question can be understood.

"Rick" wrote:

I need to test different issue's within a cell. Here is an example. When I
speak of levels it is in reference to actual levels not the number of IF's.

=IF($G5="M","T1",0)
"T1"
IF(OR(YEAR($B5)=$AU$3,$F5="Full",$F5="BMP",$F5="CB C",$F5="RVP",$F5="UA"),0,"F2")
" F2" IF($H5="D","T3","F3")
"T3" IF($U5="Yes",$AV326,"F4")
"F4" IF($B5RollUp!$AR$15,0,"F5")
"F5" IF($B5<RollUp!$AR$15,$K5,"F6")
"F6" IF(SUM(Activity!$AM$326+$K5)<RollUp!$AT$6,$K5,SUM( $K11*0.2))
-------------------------------------------------------------------------------------------------
"F3" IF($U5="Yes",$AE326,"F4A")
"F4A" IF($B5RollUp!$AR$15,0,"F5A")
"F5A" IF($B5<RollUp!$AR$15,$K5,"F6A")
"F6A" IF(SUM(Activity!$V$326+$K5)<RollUp!$AR$4,$K5, SUM($K11*0.2))