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My 1099-R has 2b in box 7. Pull downs in form have 2 as an option but no 2b second digit pull down has b but system says that's wrong, any suggestions?
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June 1, 2019
10:50 AM
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Retirement tax questions
that is two separate codes
....a 2 and a B...and you can do that.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
June 1, 2019
10:50 AM
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Retirement tax questions
Edit the Form 1099-R and change your answer to No when asked if the distribution is from a Roth IRA. This question in TurboTax under these circumstances serves no useful purpose and only serves to trip you up since Code B indicates a distribution from a designated Roth account in a qualified retirement plan like a 401(k), not a distribution from a Roth IRA.
June 1, 2019
10:50 AM