dmertz
Level 15

Retirement tax questions

Enter the Form 1099-R as received.  Do not change the code in box 7.

 

The code for an ordinary distribution from a Roth IRA is reported only with code J, T or Q.  If you are under age 59½ at the time of the distribution, code J will be used.  If you were over age 59½ and the form has code T, be sure to indicate to 2024 TurboTax, when asked, whether or not you had a Roth IRA account before 2020.

 

(Code B is used for distributions from a designated Roth account in a 401(k), 403(b) 457(b) or the federal TSP, never for a distribution from a Roth IRA.)