It keeps saying a retirement type checkbox needs to be checked but none of my 1099 r forms have that checked. What do I do?

[DanaB27]

Do you mean the question about the "The IRA/SEP/SIMPLE box is checked on my copy of the 1099-R" between boxes 7 and 8? There should be an option "No, the box is blank".

[Steve226]

On my retirement benefits worksheet the 1st line says the payer name then T/S then question is Type. I don’t know the type. What goes in there?

[SteamTrain]

@Steve226      Sounds like an NC (or other state)  tax worksheet, not a Federal one.

Anyhow, you shouldn't be messing in Forms Mode for that.

What you need to do is

1) go back to Step-by-step interview.

2) navigate back to the Federal tax area  (Personal taxes if you are using the Home&Business version)

3) the the Wages&Income page

4) For every 1099-R you input, you MUST edit the 1099-R and carefully answer questions in the followup pages.  This is especially important for imported 1099-R forms...there are extra fields that MUST be entered thru the interview that are a not a part of the form import.

For NC, the page that sets your "Type" is shown below.   (for other states, that page will vary considerably as to what selections are presented)

_____________________________________________

[robkwalk]

I converted a traditional IRA to Roth in 2020.  The box between lines 7 and 8 on the 1099-R  is checked and when inputting the "check" into TURBOTAX, it treats the conversion as a non-taxable event thereby reducing my tax obligation. 

Is the 1009-R form wrong, i.e. it should not have a check?  Or TURBOTAX treating the conversion incorrectly?

[DanaB27]

The box between 7 and 8 (IRA/ SEP/ SIMPLE) indicates that the 1099-R is for a IRA/ SEP/ SIMPLE.

Did you have a basis in the traditional IRA (nondeductible contributions)? If yes then this part of the conversion is not taxable.

Please verify that the conversion is correctly entered into TurboTax:

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R” and you should see the “Your 1099-R Entries” screen
4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion” and choose “I converted some or all of it to a Roth IRA” and continue through the questions
5. On the "Your 1099-R Entries" screen click "continue"
6. Continue to "Any nondeductible Contributions to your IRA?" and double check your answer.

@robkwalk 

[SteamTrain]

Shouldn't, but it might depend on what is in the other boxes.

As long as the original account was an actual IRA account, box 2a should be empty.  Don't put a zero in box 2a.

Then carefully go thru the follow-up questions to find the proper conversion to ROTH IRA designations.  AND, just in case you are age 70.5 or older, do not indicate that the distribution was an RMD.  RMDs were eliminated for IRA accounts during 2020, and actual RMDs are not eligible for rollover or conversion.

[robkwalk]

Got it -- basis was missing.

Thank you DaanaB27