Skip to main content
June 4, 2019
Solved

In box 7 on my 1099-R I have a code of 2B what am I suppose to put there?

  • June 4, 2019
  • 1 reply
  • 0 views
No text available
Best answer by dmertz

It's actually a combination of code 2 and code B.  In TurboTax's drop-down boxes, select '2' in one and 'B' in the other.

In the follow-up be sure to indicate that the distribution is NOT from a Roth IRA.  That question's only purpose under these circumstances is to trip you up.  The distribution is from a Designated Roth Account in a qualified retirement plan like a 401(k), not from a Roth IRA.

1 reply

dmertzAnswer
Employee
June 4, 2019

It's actually a combination of code 2 and code B.  In TurboTax's drop-down boxes, select '2' in one and 'B' in the other.

In the follow-up be sure to indicate that the distribution is NOT from a Roth IRA.  That question's only purpose under these circumstances is to trip you up.  The distribution is from a Designated Roth Account in a qualified retirement plan like a 401(k), not from a Roth IRA.