Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Aug 11, 2025 1:24:36 PM

rmd 2024 roth contribution what is that

What do I do with a 1099-r, distribution code B? And what do I do with 2a, taxable amount $8.20. thank you

0 1 823
1 Replies
Level 15
Aug 11, 2025 1:48:50 PM

Code B indicates a distribution from a designated Roth account in an employer plan like a 401(k).  When the Form 1099-R is entered into TurboTax, TurboTax will include on Form 1040 line 5a the amount from box 1 and, if not rolled over to another Roth account, will include on line 5b the taxable amount from box 2a.  If box 7 includes code 1 in addition to the code 8, TurboTax will include the 10% early-distribution penalty ($1 penalty on the $8.20 taxable amount that results if not rolled over) on Form 5329 Part I.