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Getting an error for distribution code in box 7 on 1099R, who needs to fix it?

form says 2B, error coded says there is no Code B for this exempt Roth IRA
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Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Getting an error for distribution code in box 7 on 1099R, who needs to fix it?

The code B indicates that this distribution is from a designated Roth account in an employer plan like a 401(k), not from a Roth IRA.  A 401(k) is not an IRA.  When TurboTax unnecessarily asks if the distribution is from a Roth IRA you must answer No.  Go back and correct the answer that you made to this question.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Getting an error for distribution code in box 7 on 1099R, who needs to fix it?

The code B indicates that this distribution is from a designated Roth account in an employer plan like a 401(k), not from a Roth IRA.  A 401(k) is not an IRA.  When TurboTax unnecessarily asks if the distribution is from a Roth IRA you must answer No.  Go back and correct the answer that you made to this question.

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