Thanks @ThomasM125, I was told that this tax form was more of a paper trail of my account before my employer changed retirement account institutions. I had a retirement account with "Institution A," and rolled over most money from there into a personal IRA before the rest of the money in that account got rolled over to "Institution B," and I believe that is what the amount in Box 5 is tracking. The IRS code in my 1099-R is "1B," not "1."
I was informed that Institution B would not delete the form, and insisted I talk to Institution A about how it should be taxed. I did not receive a distribution outside of the rollover to my personal IRA at Institution A, and had reported the rollovers from Institution A in a previous tax year. Since I did not receive a distribution, does that still mean I don't need to enter the form into TurboTax?
