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February 14, 2025
Question

1099-r

  • February 14, 2025
  • 1 reply
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The website keeps telling me that the Gross distribution on 1099-r cannot be 0. That is what is showing on my form. There is only an amount for box 5. Distribution code 1B. How do I submit my taxes if it keeps bringing me back to this review?

 

1 reply

Employee
February 14, 2025

This Form 1099-R appears to be reporting unrecoverable contribution basis due to investments in the Roth account in your 401(k) having lost value and you receiving a total distribution from the account.  You should report this as a rollover to a Roth IRA so that this contribution basis will become part of your Roth IRA contribution basis.

 

If TurboTax continues to complain about a $0 amount in box 1, try changing it to $0.01.