Hi Kesha,
Are you sure your instructions are identical to the 2024 turbo tax Deluxe version?
I don't see the "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) " option.
This is what I have:
- I imported the 1099-R from Vanguard (the system updated all the fields automatically)
- I then got the screen:
Great news, we got your 1099-R info!
Confirm that the type of form 1099-R matches your copy of the form.
And I chose the option:
Form 1099-R, withdrawal money from 401, IRA, etc.
- I hit Continue, and Continue again on the next screen (showing me all imported fields including $120,000 in box 1 (Gross distribution)
- Next was the screen: Where is this distribution from?
Armed forces
Bailey
Railroad
None of the above
I chose None of the above and hit Continue
- Did you inherit the IRA
No
Continue
- What did you do with the money from Vanguard Fiduciary Trust?
I rolled over all the money
I rolled over part of the money to another account
I chose "I rolled over part of the money to another account"
Under it there was a question:
Tell us how much of the $120,000 you moved to an IRA , 401K or other retirement account
I typed $20,000 in the box next to: amount rolled over to another (or to the same) retirement account
Then, when I go back to the home page of Turbo tax, under "Wages and Income", at the section "Retirement Plans and Social Security", I see $120,000 next to "IRA, 401k, Pension Plan... Withdrawals".
My question is: Shouldn't I see there $100,000 instead of $120,000?
Thanks!
