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

Surfin · ‎February 17, 2025

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?

MaryK4

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.

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MaryK4

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

Surfin

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

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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