Hello,
Last year, I rolled over a SIMPLE IRA to a 401(K). Both plans were under the same employer.
On my 1099-R, the distribution amount is in Box 1, Box 2a is zero, and Box 2b has total distribution checked. Box 7 is coded G and also has the IRA/SEP/SIMPLE box checked.
In TurboTax, when I input this 1099-R, I am getting the below message:
You indicated that you converted a traditional IRA to a Roth IRA with Code G in Box 7. However, if this is true it should have Code 1, 2, or 7 instead.
If the money you took out isn’t from a traditional IRA, then the IRA box should not be checked.
If you need to make changes, select Back. If this matches exactly what’s on your form, we recommend you contact your provider to correct it.
Please note that I never indicated that I converted a traditional IRA to a ROTH IRA. Does anyone know what is going on here?
Thanks in advance
