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joycecooks
New Member

1099r for Roth IRA should not be taxable

1099 r 2B shows taxable amount not determined, how do I make sure this is not shown as taxable income? I should meet all requirements
1 Best answer

Accepted Solutions
KenH1
New Member

1099r for Roth IRA should not be taxable

If box 7 has code "B" then the software will not calculate tax. 

If the code is "J," (early distribution from Roth) and there is an amount in box 5, the software will only calculate tax and penalty on the difference between box 1 and box 5.

In neither is the case, the software will ask follow up questions, asking you for your previous Roth contributions, so that that amount is not taxed.

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2 Replies
KenH1
New Member

1099r for Roth IRA should not be taxable

If box 7 has code "B" then the software will not calculate tax. 

If the code is "J," (early distribution from Roth) and there is an amount in box 5, the software will only calculate tax and penalty on the difference between box 1 and box 5.

In neither is the case, the software will ask follow up questions, asking you for your previous Roth contributions, so that that amount is not taxed.

dmertz
Level 15

1099r for Roth IRA should not be taxable

joycecooks is referring to *box* 2b Taxable amount not determined.

Be sure to click the Continue button on the Your 1099-R Entries page to reach additional follow-up questions that may be necessary to determine the taxable amount of your Roth IRA distribution.

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