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January 25, 2025
Question

Recording a qualified roth distribution as not taxable

  • January 25, 2025
  • 1 reply
  • 0 views

When entering a 1099-R information, for a qualified roth distribution, TT interprets the amount as taxable because box 2B says "taxable amount not determined". What is correct way to record the entries so that TT correctly identifies the distribution as NOT taxable.

    1 reply

    Employee
    January 25, 2025

    What is the distribution code in box 7?