TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

What happens if I have a 401(k) loan and quit my job but use my own funds to pay off the loan. I still received a 1099-R with code 1 M?

Forum|Forum|7 years ago
June 3, 2019
1 reply
13 views

How do I enter this 1099-R in Turbo tax

TurboTax Premier Windows

Level 15

When you enter the Form 1099-R, indicate as rolled over whatever amount of the box 1 amount on this Form 1099-R that you deposited into another qualified retirement account as a rollover contribution. Enter the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then indicate that you moved the money to another retirement account and enter the amount you rolled over. TurboTax will exclude the amount rolled over from the amount reported on Form 1040 line 4b and will included the word "ROLLOVER" next to the line.

carolraemartinAuthor

Level 2

But it was not rolled over. I'm confused