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I keep selecting that I rolled my 1099r distribution into a roth ira, but it does not tax the income. When I go back to review the 1099r entry, it switches back to "no"

I received a 1099R for a distribution from a 401k.

Box 2a was zero, and code was G. I rolled this over into a Roth IRA. When I select that it was rolled into a Roth IRA, the software version does not like this and reverts back to "no, did not roll into a Roth IRA". I know I should be taxed on this, but TurboTax is not accepting my changes.

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2 Replies

I keep selecting that I rolled my 1099r distribution into a roth ira, but it does not tax the income. When I go back to review the 1099r entry, it switches back to "no"

Your 1099-R indicates that the 401(k) administrator transferred the distribution to a Traditional IRA, not a Roth so it would not be taxable.

Did you specifically specify to the plan administrator that this was a to be a Roth IRA conversion or did you make that decision when you deposited the money?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I keep selecting that I rolled my 1099r distribution into a roth ira, but it does not tax the income. When I go back to review the 1099r entry, it switches back to "no"

Code G says you did not do what you think you did.
Check again the account that has your funds to verify that it is a Roth.
If so, you did it in two steps.

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