My 1099-R has a Box 7 value of "B8" and the IRA/SEP/SIMPLE box is checked:
B – Designated Roth account distribution
8 – Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2019
We pulled back the dollars that were deposited in early 2019 because of income limits. None of the "distributions" that we got back were taxable - it was just a return of our post-tax contributions. There is $0 taxable amount and no capital gains.
Turbo Tax is not letting me submit my filing - it keeps saying that I have invalid codes in Box 7, but that is literally what my 1099-R says. Do I need to contact the payer listed on the form? Is there a way I can get Turbo Tax to accept these values so I can complete my filing?
