@agent86 wrote:
Turbotax Premier certainly doesn't walk you through this bug in the software. I wasted hours trying to figure out why an obviously non-taxable, Roth distribution that I inherited 10 years ago even though Turbotax asked for the name of the deceased and the year I inherited it (2012). Apparently the software isn't smart enough to know that 2012 is more than 5 years ago. Eventually, I typed in a zero in box 2A of the imported 1099-R. I'm not sure what the IRS will think about tinkering with a downloaded 1099-R but it's the only way I found to fix the problem.
The code that the payer put in box 7 tells it how to do that. What code in in box 7 on your 1099-R and is the IRA/SEP/SIMPLE box checked or did you check it by mistake?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
