1099R Roth

[Theo52]

My 1099-R from Fidelity Investments for my Roth IRA is reporting a gross distribution, but the taxable amount is zero and the distribution code is "T". Why is TurboTax insisting the gross distribution be included in my total taxable income? It is non-taxable!

[VolvoGirl · Accepted solution]

That’s ok.  T is for ROTH IRA.  It is not taxable.   If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4a and 4b for any taxable amount. 

[Theo52]

Thank you! That solved my problem. I was just too impatient. When creating the actual 1040 it does show the correct taxable amount of zero.