That would be nonsense.
IRS 1099-R instructions (<a rel="nofollow" target="_blank" href="
https://www.irs.gov/instructions/i1099r#idm140345395962000">https://www.irs.gov/instructions/i1099r#...>)
[quote]
Designated Roth account distributions.
If you are making a distribution from a designated Roth account, enter the gross distribution in box 1, the taxable portion of the distribution in box 2a, the basis included in the distributed amount in box 5, any amount allocable to an IRR made within the previous 5 years (unless an exception to section 72(t) applies) in box 10, and the first year of the 5-tax-year period for determining qualified distributions in box 11. Also, enter the applicable code(s) in box 7.
[end quote]
Box 5 is the amount of basis *included* in the box 1 amount for distributed. It is impossible to have $120 of contributions *included* in $0.00. Box 1 would have to be at least $120 in which case box 2a would be zero indicating a distribution of your own contributions.
Ask Fidelity is that is what this is for.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
