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Retirement tax questions
Then the IRA/SEP/SIMPLE box is not marked because the IRA/SEP/SIMPLE box is not permitted to be marked on any Form 1099-R that includes code D in box 7.
The code D indicates that this is a distribution from a nonqualified annuity or insurance policy which is not eligible for rollover and is why TurboTax does not offer the option to report it as a rollover. The deposit that your father made into the IRA must either be treated as a new, regular IRA contribution which must be entered under Deductions & Credits and, depending on the circumstances, is likely to be partially or entirely an excess contribution that must be corrected by a return of contribution before the due date of his tax return, including extensions.
‎April 19, 2020
8:16 PM