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Retirement tax questions
Yes, you mistakenly indicated in the follow-up to entering the code B2 Form 1099-R that it was from a Roth IRA. A Designated Roth Account in a 401(k) is not a Roth IRA.
There is no reason for TurboTax to even ask this question because the code B indicates that the distribution is not from a Roth IRA. This question serves only to trip up the unwary and has caught many TurboTax users. The only correct answer to this question under these circumstances is No.
March 19, 2021
1:13 PM