turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

peachie42
Returning Member

I have a 1099r from my Roth IRA showing amount but I did not receive any funds but it is showing the amont as income even as I entered code H

How can I correct this on my Turbo tax
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DanaB27
Expert Alumni

I have a 1099r from my Roth IRA showing amount but I did not receive any funds but it is showing the amont as income even as I entered code H

Code H indicates a direct rollover of a distribution from a designated Roth account to a Roth IRA. This isn't taxable. All you need to do is enter the Form 1099-R and TurboTax will report it correctly as nontaxable.

 

Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount),it should show $0 and state ROLLOVER next to it (assuming you had no other pension distribution).

 

To preview Form 1040:

 

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question