What is the code in box 7? To verify, is the distribution showing on line 4b of Form 1040 as taxable?
Please answer the follow-up questions after you entered your Form 1099-R:
- Click on "Search" on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter all your 1099-Rs
- Click "Continue" on the "Review your 1099-R info" screen
- Answer all the questions and make sure you enter the net contributions prior to 2021 on the "Enter Prior Year Roth IRA Contributions" screen
- Answer the remaining question.
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