dmertz
Level 15

Get your taxes done using TurboTax

Correct.  The Form 1099-R for the IRR will have $1,100 in box 1, $100 in box 2a and code G in box 7.

 

A $100 taxable amount will only increase your MAGI by $100, so it won't have much, if any, effect on your eligibility to contribute to a Roth IRA should you choose to do so.