Get your taxes done using TurboTax

DoninGA, thank you for taking the time to help.  The box 2a on form 1099-R flowed to form 1040 line 4a as an IRA distribution, but it did not flow to line 4b as taxable income.  The federal taxes in box 4 on form 1099-R did flow to form 1040 line 25b.  After entering the 1099-R info, TurboTax asked me what I did with the money.  I could choose from two radio buttons:  #1 said I moved the money to another retirement account, and #2 said I did something else with it (cashed out, etc.).  My answer was #2 because I cashed out.  Does this shed new light?  I think it should be taxable ...

 

In the interest of giving too much information, I have a 2nd 1099-R from an inheritance (Distribution code 4 on box 7), and TurboTax handled it just fine.  I only have two 1099-Rs.