☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Feb 25, 2021 3:36:23 PM

1099 R

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.  

0 3 440
3 Replies
Level 15
Feb 25, 2021 3:38:06 PM

@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.

Returning Member
Feb 25, 2021 3:45:45 PM

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

Level 15
Feb 25, 2021 3:48:26 PM

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.