Inherited Roth IRA distribution

Forum|Forum|1 year ago
January 21, 2025
1 reply
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I inherited a qualified Roth IRA. My Fidelity 1099R has left Block 2a blank and checked Taxable amount not determined. Unless I fill in 2a with the Gross Distribution amount, TurboTax assumes the distribution is taxable. How do I resolve this problem?

Bsch4477

Employee

What was the distribution code in box 7?

GD692Author

ThomasM125

I entered the information as you explained it and the distribution does not show as taxable on my return. I suggest you delete the entry and try again, following these steps:

1. Navigate to Retirement Plans and Social Security in the Wages and Income section

2. Choose the IRA, 401(K), Pension Plan Withdrawals (1099-R) option

3. Choose to add another 1099-R form

4. Choose the I'll type it in myself option

5. Choose the Form 1099-R box

6. On the 1099-R entry screen, enter the gross distribution in box 1, leave box 2(a) blank

7. Check the Taxable amount not determined box in line 2b

8. Enter code "T" in box 7

9. On the next screen, check the Yes box when asked if you inherited the IRA

10. Answer the rest of the questions in that section

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