3482887
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

MeliG2017
New Member

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?

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

1099-r

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question