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Get your taxes done using TurboTax
Per @dmertz:
"Try entering a B in Box 7, then mark the box that says "I have more than one value in box 7" below the first code selection box and enter the second code, code 2.
TurboTax software does not allow you to designate your 1099-R information as a designated Roth account. It only assumes that it is a Roth IRA. Therefore, it shows at B2 code in box 7 as an invalid code.
In the questions that follow entering the code B2 Form 1099-R details, you must answer No when asked if the distribution was from a Roth IRA. It's a trick question since the code B already indicates that the distribution was from a designated Roth account in a qualified retirement plan, not a distribution from a Roth IRA."
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March 2, 2022
8:16 PM
927 Views