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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'.
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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?

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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.

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