I won't use this to file taxes ever again if Intuit doesn't fix this blunder.
TurboTax correctly handles Forms 1099-R prepared correctly by the payer and entered correctly by the user.
In addition to posting here the code that is in box 7, is the IRA/SEP/SIMPLE box marked?
Is a nonzero amount shown in either box 2a or box 5? If so, which box?
I can help you correct your 1099-R to correctly report it as a non-taxable rollover.
Now check your tax return.
Your IRA distribution is on line 4a
Taxable amount is on 4b
@Anonymous
The reply provided by @JohnB5677 may or may not be accurate depending on the code that is in box 7 of the Form 1099-R.