- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you 🙂
On the screen "Did you move the money to a Roth IRA?"
Indeed, I marked "No, I didn't"
Then it brings me to a page that says this (pasted below in its entirety), which is why I'm wondering if there might be an error in the TurboTax system.
"Double check Box 7 and the IRA box on your 1099-R
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.
How will this impact my return"
‎January 31, 2022
5:22 AM