You'll need to sign in or create an account to connect with an expert.
If the code in box 7 is anything other than Q, you must click the Continue button on the Your 1099-R Entries page and answer the follow-up question where you can enter or confirm your net basis in Roth IRA contributions and conversions.
If the code in box 7 is anything other than Q, you must click the Continue button on the Your 1099-R Entries page and answer the follow-up question where you can enter or confirm your net basis in Roth IRA contributions and conversions.
Yes, you should have received a 1099-R for the distribution. The code in Box 7 will govern how it is treated. You will be asked, in the interview process, about length of time owned and amount of contributions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
narkhsa1
New Member
jjyoo92
New Member
hartski1
New Member
parkerdodd97
New Member
razor5
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.