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Level 1
February 25, 2021
Solved

1099-R

  • February 25, 2021
  • 1 reply
  • 2 views

I’m getting an error when I go to efile my 2020 taxes. The error I get is related to box 7 (distribution code) on my 1099-R Form. Since I have codes B and 2 on there turbo tax says “Box 7a distribution code is invalid. A distribution code of 'B' should not be used for IRA distributions”. I have 3 1099-Rs 2 of them are Roth 401K and 1 is a regular 401K. I’m not sure 

Best answer by dmertz

This distribution is from a designated Roth account in a qualified retirement plan.  It is NOT from a Roth IRA.  Go back and correct the answer that you made to TurboTax's unnecessary question asking if the distribution is from a Roth IRA.

1 reply

dmertzAnswer
Level 15
February 25, 2021

This distribution is from a designated Roth account in a qualified retirement plan.  It is NOT from a Roth IRA.  Go back and correct the answer that you made to TurboTax's unnecessary question asking if the distribution is from a Roth IRA.