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Hank2005
Returning Member

How to enter 1099R in Turbo Tax business

Having trouble entering a 1099R in Turbo Tax business for the 1041 form.   The 1099R is for a Roth IRA full distribution with 2B marked in both boxes and box 7 marked T.   This is a qualified distribution, and no tax should be owed.   How do properly report this 1099R on Turbo Tax business? 

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1 Reply
dmertz
Level 15

How to enter 1099R in Turbo Tax business

Since the Roth IRA distribution is a nontaxable, qualified distribution, nothing about it needs to be entered into TurboTax Business.

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