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Get your taxes done using TurboTax
You can't ignore the message as you won't be able to e-file your return with an error like that. The box 5 entry insinuates that you may have had a distribution from a ROTH IRA. If so, the amount distributed should be listed in box 1. The code "1" in box 7 means the distribution was premature, so there would be a penalty tax on the earnings which should be listed in box 2. If you did receive a distribution, you should talk to the broker about it and see why those entries aren't on your form and request a corrected one. If you didn't receive a distribution, then you don't need to enter the form into TurboTax but you should request that the broker delete the form if appropriate.
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March 31, 2025
1:47 PM