Hi,
I have three 1099R's to enter on TurboTax; each with different codes for box 7. One is E, one is G, and one is BG. I don't see the latter listed as an option in the dropdown menu. What should I put here?
These are for rollovers of my 401K and Roth 401k accounts when I switched employers.
Thanks
On your form 1099-R, BG is the combination of two codes.
You can have up to two distribution codes in box 7. If you see more than one letter or number in box 7, check the box I have more than one value in box 7 and another box 7 will appear to enter the second code. The order doesn’t matter, we’ll make sure you get the right results either way.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
