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Get your taxes done using TurboTax
Code 2 is Early Distribution with exceptions and Code G is indicating a rollover. TurboTax should accept the Code as 2G in boxes 7a and 7b. If you do not get it fixed, I am not sure that you will be able to e-file your return.
My suggestion would be to go back to where you entered the 1099-R:
- Go to the Income and Expense section and go to IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Click on Edit/Add and delete the 1099-R by clicking on the trash can next to the 1099-R.
- Click on Add Another 1099-R and re-enter the 1099-R. Hopefully, that will fix the problem. Make sure that you enter 2 in the first Box 7 and G in the second Box 7.
If for some reason this does not fix the problem, my suggestion would be to just enter the Code G in the first Box 7. There is no tax consequence and the Code G is the reason for no tax.
‎February 26, 2022
5:29 PM