Thanks dmertz: What happen is I used the codes provided by Schwab for all our 2021 1099-Rs.
We have 5 copies of 1099-R. The 1st is an IRA conversion to ROTH with Code 7 and IRA/SEP BOX checked. The 2nd is for my 2021 ROTH return, tax amount is 0 as I loss money on it and the code is 8J. The 3rd is my 2020 ROTH contribution return with Taxable amount (Box 2a) $ 546.15 as as my 2020 contribution had gain. The 4th & 5th were my wife's. She made $7,000 for 2020 ROTH but $2,000 were done in January 2021 for her 2020's ROTH. Both her contribution had gains. Her (4th 1099-R) is the $5,000's gained of $368.42 (Box 2a), Box 1 is $7,368.42 and the code was PJ. The 5th 1099-R was for her $2,000 gain. Box 1 is $163.78 and Box 2a is 139.21, the code is 8J.
So how can I do the OTHER reason in Turbo tax to eliminate the $14 tax penalty? Thanks again!
