What is the box 7 distribution code for a standard IRA to ROTH conversion?

[DawnC]

There is not a specific code for conversions.  See:  All box 7 codes for Form 1099-R.   Your 1099-R from the distribution of the traditional IRA funds will say code 2 in box 7 (or code 7 if your age is over 59 ½) . 

For a Traditional IRA to Roth IRA conversion:  The amount withdrawn from your traditional IRA must equal the amount you deposit in your Roth IRA.  If taxes were withheld, you must make up the difference or the missing amount will be treated as a taxable distribution and could also be subject to penalties if you are under the age of 59 1/2.  Contact your plan trustee to review your tax withholding options.

A conversion to a Roth IRA results in taxation of any untaxed amounts from the traditional IRA. The conversion will be reported on Form 8606, Nondeductible IRAs.

[VolvoGirl]

Don’t you have a code in box 7 on your 1099R?   Better ask the plan for it.  The most common code is a 7 the same as the box # so people can miss it.  

[dmertz]

Expanding on what the others have said, the code that must be entered into TurboTax is whatever code the financial institution puts in box 7 of the Form 1099-R.  You do not use something different.

A Form 1099-R for a distribution from a traditional IRA that is converted to Roth will have code 1, 2 or 7 in box 7 depending on your age and how the Roth conversion is performed.