Code B in box 7 of your 1099-R indicates that you had a Designated Roth Distribution. Review the TurboTax Help article What do all the codes in Box 7 of the 1099-R mean? for more information.
A Designated Roth IRA is a retirement account that's associated with a 401(k) or 403(b). The contributions aren't excluded from your income, which means the contributions have been taxed. Qualified distributions with earnings are excluded from your income. A qualified distribution is:
- Made five years after the first contribution
- On or after age 59 1/2
- Participant's disability or death
Review the IRS Retirement Topics Designated Roth account for more explanation.
Code J is an early distribution from a Roth IRA with no exceptions. The amount may or may not be taxable. It depends on the distribution and the participant's basis in the Roth IRA.
Refer to the IRS tool Is the distribution from my Roth account taxable? to help you determine if your distribution is taxable.
If you feel that there is an error on your 1099-R, contact the issuer and request a corrected copy.
[Edited2/11/25|1:30pm PST]
@PM36
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
