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Get your taxes done using TurboTax
I don't get it. Is this a flaw in TurboTax? I should be able to enter the forms in TurboTax (desktop in my case) and have it handled it correctly. The 1099Q was addressed to my daughter so I think it would be handled in her return, not mine. When I do this, it appears to be treated as income and taxable which I am 99% percent sure that is wrong. The whole point of the rollover is to avoid paying taxes. It looks like it is taxing the gains only which would make sense in other cases. There doesn't seem to be a question in TurboTax to handle this correctly.
‎February 16, 2025
10:09 AM