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New Member
posted Mar 2, 2025 2:57:04 PM

Roth IRA BDA

I inherited a Roth IRA and so now I have a Roth IRA BDA.  I am taking RMD (required minimum distribution) and in my situation my RMD per year is based on my life expentency.  I know that this is not taxed.  Over the past few years I have had no problem with desktopTurboTax.

 

This year (tax year 2024), I am getting an error that needs to be corrected on the 1099-R form (worksheet).  It is asking me to enter a "Required RMD Amount".  However, when I enter this, as well as entering the "Amount Distributed in  2024" (which is the same amount), the worksheet then wants me to answer the question,"If this is a distribution from a traditional IRA or qualified retirement plan ....".  However, it is neither - it is a Roth plan.  So I'm not sure how to answer the questions.  Easy step does not address this issue.

 

Thanks in advance for any suggestions.

 

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3 Replies
Level 15
Mar 2, 2025 6:02:39 PM

I guess you are saying "neither" is not an option.

what are the codes in Box 7 of 1099-R?

 

@agent414 

New Member
Mar 3, 2025 4:06:35 AM

Hi fanare,

The code in Box 7 is T.

The IRA/SEP/SIMPLE box is not checked.

New Member
Mar 3, 2025 4:07:45 AM

Hi fanfare,

 

And "neither" is not an option.