Owing to lay-off caused by the COVID-19 pandemic, my employer has requested me to withdraw my 401(K) and Pension Funds last November. They send me two different checks afterwards. I have deposited them (in full amount without taking any cash) in a new Rollover Traditional IRA account (with Citibank) in early December 2020. Form1099-R is for withdrawal, is there anywhere that I should report that I have re-deposit them into another retirement plan account.
Since I received two Form-1099-R for both accounts, I have input all transactions into Turbotax Deluxe. On completion of all transactions, the system performs Smart Check and pops up a window showing that I have to file Form 2210 or 2210-F and make annual payment of $2,563. Is there anything wrong with my inputs.
Appreciate it very much if you could help me in this regards.
