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1099 R with box T. it shows as taxable on the 1040 but it is not, how do i correct this?

gennarostella
Level 3
 
0 Cheers
1 Solution

Accepted Solutions
qbteachmt
Level 15

It's based on date of any Roth account existing, date of conversion, and/or converted basis. Run through all the eligibility factors to confirm it qualifies as tax exempt and penalty free.

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2 Comments 2
rbynaker
Level 13

You probably need to enter the Roth IRA contribution/conversion basis in the Roth IRA (on the IRA Info Wks?)

qbteachmt
Level 15

It's based on date of any Roth account existing, date of conversion, and/or converted basis. Run through all the eligibility factors to confirm it qualifies as tax exempt and penalty free.

*******************************
"Level Up" is a gaming function, not a real life function.