1099 R

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I have a 1099r that has code B1 in box 7. It is charging me a penalty even though it was a covid distribution. It didn't ask me if it was a covid distribution? I have a 2nd 1099R that has code 1 in box 7 and it did asked me if it was a covid Distribution.

macuser_22

Alumni - Champ

@rinamorgan2 wrote:

I have a 1099r that has code B1 in box 7. It is charging me a penalty even though it was a covid distribution. It didn't ask me if it was a covid distribution? I have a 2nd 1099R that has code 1 in box 7 and it did asked me if it was a covid Distribution.

A code B is a designated Roth.

It should ask.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

rinamorgan2Author

Level 2

Do I have to pay penalties on a Roth account? It's charging me 10% still.

macuser_22

Alumni - Champ

Not if it was a COVID related distribution. It should have asked. The 8915-E form was new today in the online version only and there might still be some bugs.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**