Anonymous
Not applicable

Turbo Tax incorrectly interprets my 1099-R

I have a 1099-R from rolling a conduit (traditional) IRA into my 401k plan. I believe the 1099-R is filled out correctly. It has the amount in box 1, 0 in box 2a, and code G in box 7.

 

When I enter the details into TT, it says "You indicated that you converted a traditional IRA to a Roth IRA with Code G in Box 7. However, if this is true it should have Code 1, 2, or 7 instead." I believe this message is wrong, as this 1099-R has nothing to do with a Roth IRA.

 

The IRS instructions for the form say "For an amount in a traditional IRA or a SEP IRA paid
directly to an accepting employer plan, or an amount in a SIMPLE IRA paid directly to an accepting employer plan after the first 2 years of plan participation, enter the gross amount in box 1, 0 (zero) in box 2a, and Code G in box 7
"

 

How does one report such a bug to TurboTax?