turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tjernigan
New Member

Should I answer "yes" when TurboTax asks "Did this money come from a Roth IRA?" in relation to a 1099R, IF the money came from a 457 plan and not an IRA?

I received a distribution from my 457 plan.  Part of the distribution was from my Roth contributions.  The follow up questions are asking if the money came from a Roth IRA.  I'm thinking 'no', but not sure if a 457 plan falls under an IRA 'umbrella'.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ThomasM125
Expert Alumni

Should I answer "yes" when TurboTax asks "Did this money come from a Roth IRA?" in relation to a 1099R, IF the money came from a 457 plan and not an IRA?

I might depend on what the code in box 7 is, can you clarify that please?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
dmertz
Level 15

Should I answer "yes" when TurboTax asks "Did this money come from a Roth IRA?" in relation to a 1099R, IF the money came from a 457 plan and not an IRA?

Answer No to this misleading and unnecessary question being asked by TurboTax.  The code B present in box 7 which is causing TurboTax to ask this question means that the distribution is not from a Roth IRA.  A 457(b) is not an IRA.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies