Completely emptied my 401k to rollover to an IRA. My Form 1099-R states my percentage of total distribution is 0.0%; however, TurboTax will not accept 0.0% and requires me to enter and amount between .01% - 100%. Can someone please explain what should be entered? Many thanks!
Let's get the big picture straight. If you can you answer yes to these questions:
Box 1 and box 2, matching numbers since full amount rolled over?
Box 7 has a code G or H or other tax exempt code for the rollover?
then don't bother with the box and percentage on the 1099R.
If you answered no, what do you have?
Box 1 shows the gross distribution. Box 2a shows $0.00 as the Taxable Amount. Box 2b has an "X" in the box for Total Distribution. Box 7 does show code G. Box 9a shows 0% for Your Percentage of Total Distribution.