Form 1099R Box 2a is blank. but Box 2b (taxable amount not determined) is checked. How do I know how much in box 1 is taxable?

[Snowplow2024]

Dawn,

Thank you!

This is a Roth I put contributions into of over 50K   I have cost basis with an actual loss at my brokerage. Im 54  this is not an exception or an Early Distribution...I want to make sure this is not taxed or penalized 

It is coded as J on the form from the provider i think that is incorrect    i do not want to be penalized 

[AbrahamT]

The issue here is that the distribution is coded with the letter J which indicates that it is an early distribution. As such, early distributions would mean that you withdraw the money before holding onto it for 5 years and as such such you would be taxed on the distribution. From what you are saying, this was "not" an early distribution. You may want to contact your provider and find out exactly what the issue is. 

[napjr8]

I received a 1099R with code J checked but I rollovered this roth ira to an annuity, what should i do?

[napjr8]

what are the exceptions. I know it is not taxable because i made a 1035 exchange of the amount into an annuity.

[dmertz]

A Form 1099-R with code J in box 7 has nothing to do with a 1035 exchange.  A 1035 exchange involves an exchange between nonqualified annuities.  A Roth IRA is not a nonqualified account whether invested in an annuity or not.