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Retirement tax questions
No, the IRA/SEP/SIMPLE should not be marked. The rollovers that @dyoon001 did are from an employer plan like a 401(k), not from an IRA.
If box 2a of the code-G Form 1099-R has a nonzero amount in box 2a, this Form 1099-R is reporting a rollover to a Roth account, not a rollover to a traditional rollover IRA. Assuming that box 2a of the code-G Form 1099-R is indeed nonzero, contact the plan to obtain a corrected Form 1099-R showing $0 in box 2a. If box 2a does not have a nonzero amount, make sure that you have entered $0 into box 2a of TurboTax's 1099-R form and that you have answered No to each of the two questions asking if this distribution was rolled over to a Roth account.
March 25, 2023
9:24 AM
2,803 Views