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New Member

1099-R code B2 error

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

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New Member

1099-R code B2 error

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
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Level 15

1099-R code B2 error

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.