Does your 1099-R have "Q" in Box 7? If your form is marked this way, double-check that it is also entered this way in TurboTax.
Then, follow these steps to verify if the income is being reported as non-taxable on your tax return:
- Login to your TurboTax account at TurboTax.com.
- Click on Tools in the menu on the left-hand side of the screen (Note: if you do not see Tools first click on Continue where I left off or Take me to my return).
- Click on Tax Tools.
- Click on Tools.
- In the menu that pops up, click on View Tax Summary.
- With the summary on the screen, click on Preview My 1040, in the left menu panel.
- Scroll down to review the tax form. Check to see if the Roth distribution is included on line 4d as taxable. If the income is being treated properly you will see the distribution amount on line 4c, but it will not be included in the amount on line 4d.
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