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
New Member
posted Feb 14, 2025 8:26:14 AM

1099-r

The website keeps telling me that the Gross distribution on 1099-r cannot be 0. That is what is showing on my form. There is only an amount for box 5. Distribution code 1B. How do I submit my taxes if it keeps bringing me back to this review?

 

0 1 546
1 Replies
Level 15
Feb 14, 2025 8:54:59 AM

This Form 1099-R appears to be reporting unrecoverable contribution basis due to investments in the Roth account in your 401(k) having lost value and you receiving a total distribution from the account.  You should report this as a rollover to a Roth IRA so that this contribution basis will become part of your Roth IRA contribution basis.

 

If TurboTax continues to complain about a $0 amount in box 1, try changing it to $0.01.