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TurboTax is calculating taxes owed on Thrift Saving Plan direct rollover.
Entered a 1099-R from Thrift Savings Plan into TurboTax for direct rollover to a Traditional IRA and a small amount identified in block 5 to a Roth IRA with a distribution code of G in block 7. This transaction was a direct rollover to Qualified retirement accounts but TurboTax is calculating taxes owed on the full amount. What do I need to correct as there doesn't seem to be a place to enter the amount rollover to the traditional IRA?
‎February 8, 2024
10:53 AM