Skip to main content
March 15, 2025
Question

I have a 1099r from my Roth IRA showing amount but I did not receive any funds but it is showing the amont as income even as I entered code H

  • March 15, 2025
  • 1 reply
  • 0 views
How can I correct this on my Turbo tax

1 reply

March 15, 2025

Code H indicates a direct rollover of a distribution from a designated Roth account to a Roth IRA. This isn't taxable. All you need to do is enter the Form 1099-R and TurboTax will report it correctly as nontaxable.

 

Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount),it should show $0 and state ROLLOVER next to it (assuming you had no other pension distribution).

 

To preview Form 1040:

 

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"