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Ken_123
New Member

ERROR On 1099-R RMD Excess Accumulation Worksheet - Type of Account

I am getting a Red Flag on my 1099-R Inherited ROTH IRA.  (It is a non spousal IRA). When I select the type of account (IRA) it flags it as red(See below)

 

If I select it as 403B it passes(Just an observation). 
Box 2B is checked "taxable amount not determined" 
Box 7 Code is "T" and the IRA/SEP/Simple is not checked. 
I did withhold state and fed taxes (Not needed, I know).  

 

Screenshot 2025-02-25 162335.png

Screenshot 2025-02-25 163024.png

Any ideas on how to make the red mark go away?

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1 Reply
MarilynG1
Expert Alumni

ERROR On 1099-R RMD Excess Accumulation Worksheet - Type of Account

If IRA is not checked on your 1099-R, uncheck that box.  If it's not a 403B (usually retirement account for civil employees), don't check that one either.  Can you check 'Other'?

 

Code T in Box 7 indicates a Roth distribution, exception applies.  You should uncheck the box for 'If box 7 code is 2 or 5'.

 

If you indicated that you inherited this account, and that the Roth account has been open over 5 years in the interview, you're correct that it's not a taxable distribution.

 

Here's more info on Inherited Retirement Plan Distributions.

 

 

 

@Ken_123 

 

 

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