In box 7 on my 1099-R I have a code of 2B what am I suppose to put there?

jag48 · ‎June 4, 2019

dmertz · ‎June 4, 2019

It's actually a combination of code 2 and code B. In TurboTax's drop-down boxes, select '2' in one and 'B' in the other.

In the follow-up be sure to indicate that the distribution is NOT from a Roth IRA. That question's only purpose under these circumstances is to trip you up. The distribution is from a Designated Roth Account in a qualified retirement plan like a 401(k), not from a Roth IRA.

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dmertz · ‎June 4, 2019

It's actually a combination of code 2 and code B. In TurboTax's drop-down boxes, select '2' in one and 'B' in the other.

In the follow-up be sure to indicate that the distribution is NOT from a Roth IRA. That question's only purpose under these circumstances is to trip you up. The distribution is from a Designated Roth Account in a qualified retirement plan like a 401(k), not from a Roth IRA.