@rinamorgan2 wrote:
I have a 1099r that has code B1 in box 7. It is charging me a penalty even though it was a covid distribution. It didn't ask me if it was a covid distribution? I have a 2nd 1099R that has code 1 in box 7 and it did asked me if it was a covid Distribution.
A code B is a designated Roth.
It should ask.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
