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krwetw
Level 2
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  • Re: 1099-R, Code 4 Question

    Further digging into Turbo Tax help for box 2a implies that for a Roth, box 2a should have been $0. Between that and the checked IRA/SEP/SIMPLE box being checke...
    krwetw
    Updated Feb 19, 2023

  • Re: 1099-R, Code 4 Question

    That's a good lead. I think the form may have been filled out wrong then, as the inherited IRA was definitely a ROTH, not a traditional. Thanks!
    krwetw
    1
    Updated Feb 19, 2023

  • Re: 1099-R, Code 4 Question

    Thanks for replying. With changes in the SECURE Act of 2019, a non-spousal inheritor of a Roth IRA has 10 years to disperse all funds in the IRA if the person d...
    krwetw
    5
    Updated Feb 19, 2023

  • Re: 1099-R, Code 4 Question

    Do you have any insights on how to get Turbo Tax to quit acting like there is a penalty? It is a Roth IRA and I am less than 59.5.
    krwetw
    7
    Updated Feb 19, 2023
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