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Level 2
posted Feb 17, 2025 8:06:00 PM

should I report 1099 R for a cost basis lost classified as a distribution when I closed an employer Roth 401k? No value in Box 1, Gross Distrib - only box 5 Roth Contrib

Have entered under wages/income - but final review throws error due to no value in Box 1 Gross Distribution. So do I even need to include since was just rolled into another Roth IRA?

0 2 1960
1 Best answer
Expert Alumni
Feb 18, 2025 8:09:16 AM

You do not have to report the 1099-R with the Roth 401k cost basis information (Box 5) only.  You can delete the entry from TurboTax so that you can e-file the return.  

2 Replies
Expert Alumni
Feb 18, 2025 8:09:16 AM

You do not have to report the 1099-R with the Roth 401k cost basis information (Box 5) only.  You can delete the entry from TurboTax so that you can e-file the return.  

Level 2
Feb 18, 2025 9:58:44 AM

thank you!!   always comforting to have someone else opine.  really appreciate it.