1099R Box 7 says Code J but Roth IRA distribution shouldn't be taxed as it was CONTRIBUTIONS ONLY, not EARNINGS. Should I change Code to Q (qualified) & give explanation?

Forum|Forum|7 years ago
June 1, 2019
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I read that I should change the code to Q and provide an explanation but I'm not sure how to do that on TurboTax.

TurboTax Deluxe Online

Best answer by dmertz

No. You must not change the code. Changing the code will result in a tax deficiency notice from the IRS.

Click the Continue button on the Your 1099-R Entries page. In the follow-up enter or confirm the amount of contributions that you made for years prior to 2015 (minus any distributions made before 2015).

D

dmertzAnswer

Employee

No. You must not change the code. Changing the code will result in a tax deficiency notice from the IRS.

Click the Continue button on the Your 1099-R Entries page. In the follow-up enter or confirm the amount of contributions that you made for years prior to 2015 (minus any distributions made before 2015).