You'll need to sign in or create an account to connect with an expert.
B and 2 are two separate codes and must be entered individually in the two drop-down boxes on TurboTax's 1099-R form. Codes B and 2 together mean that the distribution was from a Designated Roth Account in a qualified retirement plan (B) but is not subject to an early-distribution penalty despite you having been under age 59½ at the time of the distribution (2). The likely reason a plan administrator would know that the distribution is not subject to an early-distribution penalty is because you were age 55 (age 50 for a Public Safety Officer) or older in the year that you separated from service from this employer.
B and 2 are two separate codes and must be entered individually in the two drop-down boxes on TurboTax's 1099-R form. Codes B and 2 together mean that the distribution was from a Designated Roth Account in a qualified retirement plan (B) but is not subject to an early-distribution penalty despite you having been under age 59½ at the time of the distribution (2). The likely reason a plan administrator would know that the distribution is not subject to an early-distribution penalty is because you were age 55 (age 50 for a Public Safety Officer) or older in the year that you separated from service from this employer.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
herosareangels
New Member
lydiagp7090
Returning Member
fritz1287
New Member
mshipley1957
New Member
Krob2601
New Member
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.