I found a bit more information. In 2022 the entire Roth balance in my 401K was moved to a Roth. The Roth balance was less than the Roth contributions to the 401K due to losses. Also in 2022 the entire after-tax balance in the 401K was also moved to a combination of Roth and IRA accounts, leaving only pre-tax funds in the 401K. For the 2022 tax year I received 1099-R statements, one for the Roth transfer and one for the after-tax transfer. The 2022 1099-R Roth statement showed the Roth amount transferred (that was less than the Roth contributions). In 2025 the entire 401K, containing only pre-tax funds, were rolled over into an IRA account. The 401K account was then closed.
I received two 1099-R statements for 2025 taxes. One shows the full amount rolled over from the 401K to the IRA. The second 1099-R is the issue. It has zero in box 1 and 2a. It has the Roth contributions minus the Roth transferred amount (i.e. the loss) from 2022 in box 5 and code B in box 7. Fidelity state that this loss was carried forward in case more contributions might have been made after 2022. Because the 401K account was closed, this triggered the second 1099-R. Fidelity state that there are no errors on that 1099-R.
When I enter the values from the second 1099-R into TurboTax an error is flagged during review stating "Form 1099-R (Fidelity Investments): Gross distribution amount should have a value and should be greater than $0.50". How do I enter the 1099-R into TurboTax without triggering an error.
Thanks
