dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Retirement tax questions

Because the Form 1099-R has code 2, TurboTax is saying that you do not owe any "additional taxes" on this distribution.  By "additional taxes," TurboTax is referring to the 10% early-distribution penalty (an excise tax) on early-distributions not rolled over or converted.