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1099-R Rollover Issue
Have a 1099-R: a Traditional IRA reached maturity. Box 7's distribution code is 7 (normal distribution). I was issued a bank cheque for the full amount, which I used six days later to rollover with another bank to a Traditional IRA. My TurboTax Deluxe (Desktop Windows version) treats the 1099-R box 1 gross distribution as taxable. TurboTax did not offer a prompt to state that I rolled over the gross distribution amount. Is there an option to indicate it was a rollover?
‎April 7, 2025
2:15 PM