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Returning Member
posted Mar 10, 2024 6:17:07 PM

How to enter 1099R in Turbo Tax business

Having trouble entering a 1099R in Turbo Tax business for the 1041 form.   The 1099R is for a Roth IRA full distribution with 2B marked in both boxes and box 7 marked T.   This is a qualified distribution, and no tax should be owed.   How do properly report this 1099R on Turbo Tax business? 

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1 Replies
Level 15
Mar 10, 2024 7:49:24 PM

Since the Roth IRA distribution is a nontaxable, qualified distribution, nothing about it needs to be entered into TurboTax Business.