Last year I was contributing After Tax contributions to my work place retirement and later on transferred only the Non taxable amount to my Roth IRA and gains to traditional IRA. Later on I rolled back the traditional IRA balances to my work place account so I can make use of the back door Roth IRA. I received a 1099-R and it appears correct to me, but turbo tax is telling my 1099-R is wrong.
I have the following
Box 7: G
IRA/SEP/Simple is Checked.
"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.
