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1099-R Rollover to Roth IRA
I received a 1099-R that we immediately rolled over into an Inheritance Roth IRA, to invest and distribute over a few years instead of receiving it all at once. When inputting into TT, I filled it out as it should be per the paperwork - got someone from TT to double check as well- however, TT is claiming it as taxable income instead of a rollover account. I'm told by a financial advisor that it should not count as income until we take money out over the next few years, but I'm not sure how to proceed on TT to input/fix that information.
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March 12, 2024
4:19 PM