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Returning Member
posted Jun 4, 2019 8:39:41 PM

1099-R code B2 error

How to enter data if it is a designated Roth account and not an IRA 

0 4 3520
4 Replies
Returning Member
Jun 4, 2019 8:39:42 PM

TurboTax software does not allow you to designate your 1099-R information as a designated Roth account.  It only assumes that it is a Roth IRA.  Therefore, it shows at B2 code in box 7 as an invalid code

Level 15
Jun 4, 2019 8:39:43 PM

In the questions that follow entering the code B2 Form 1099-R details, you must answer No when asked if the distribution was from a Roth IRA.  It's a trick question since the code B already indicates that the distribution was from a designated Roth account in a qualified retirement plan, not a distribution from a Roth IRA.  Edit the the Form 1099-R and correct your answer to this question.

Returning Member
Feb 6, 2021 8:04:25 PM

Using Turbotax 2020, I couldn't enter B2 in for Box 7. So I entered B. After that turbotax didn't ask me if it is Roth IRA. Please specify where in the form to enter that. Thanks for your help.

Level 15
Feb 7, 2021 5:02:26 AM

To enter the second code in online TurboTax, mark the box that says "I have more than one value in box 7" below the first code selection box and enter the second code, code 2.