On my Form 1099-R, Box 7 shows distribution code H, and the IRA/SEP/SIMPLE box is checked. However, when I enter this information into TurboTax, I receive the following error message:
"This box is checked if your distribution is from a traditional IRA, SEP IRA or SIMPLE IRA but not for Roth IRAs.". My rollover was from a Roth IRA to another Roth IRA (a direct rollover). I contacted the financial institution that issued the 1099-R, and they confirmed that distribution code H is correct for a direct Roth IRA-to-Roth IRA transfer. However, they also stated that the IRA/SEP/SIMPLE checkbox should be marked. I am unable to move forward with turbo tax by entering the form exactly as it appears (code H with the IRA/SEP/SIMPLE box checked). Is the 1099-R form wrong or it is a bug in Turbotax? How should I proceed to resolve this?
