Q. If one doesn't enter the 1099-Q, how does TT "prepare a 1099-Q worksheet" because I'm not getting a sheet at all. Does one enter the payer's name, address, and other info but leave the distributions, earnings, basis at ZERO?
A. TT only prepares the work sheet if you DO enter the 1099-Q. Enter all the info, including the numbers in boxes 1,2,& 3. As previously stated: the chances of it being done wrong are high.
Q. Are you saying in TT we should toggle over to forms view and just check off the "Trustee-to-trustee transfer" box?
A. No. If you DO enter the 1099-Q, you check the trustee to trustee box at the 1099-Q screen, in the TT interview.
Q. In another response, you mention to NOT add the 529 to ROTH transfer amounts to the TT IRA Information Worksheets?
A. That sounds like bad advice. Can you direct me to that post, so that I can edit it. You should certainly keep track of the info and at some point (I'm not sure of now or later) you may need to enter it. TT may or may not cover back rollovers when they make the updates.
