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i have a 1099-R that is annuitized and I am receiving monthly payments. The amounts being send to me are RMD. Why do I have to answer this question: Enter Prior Year Roth IRA Contributions"
i have not contributed to it for many years until I turned 70-1/2 and started receiving rmd payments. Thankyou. This is confusing. i am on turbo tax deluxe
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Is this from a traditional IRA? What is the code in box 7? Is the the IRA/SEP/SIMPLE box checked?
Please double check the Form 1099-R and your entries in TurboTax.
Thankyou. It has 7 in the code in the box. and ira simple box is checked. it is a qualified rmd
this is not a roth ira. my box 7 is marked 7 and ira simple is checked. thanks for insight
If you entered the Form 1099-R with the box IRA/SEP/SIMPLE box checked and code 7 then you should not get the Roth IRA follow-up questions. If editing and reviewing your Form 1099-R entry doesn't work then you might have to delete and renter your Form 1099-R.
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