You took the money into your hands and gave it to Etrade so you took a distribution and started the 60 day clock. If the company had sent it straight to Etrade, you would have a rollover code in box 7 and no issue. However, since you took possession of the money, you have a code showing that you have the money. You need to tell the program that you rolled the money over. The program will ask questions.
Let me just assume that you have a code 7 in box 7 for normal retirement. Please return to your 1099-R and follow along.
After entering the 1099-R, it asks about:
- Public Safety Officer and
- then says Where is This Distribution From?
- Was this from a Qualified Plan - select Qualified Plan
- What did you do with the money? Select moved to another retirement account
- Drop down appears, select moved all or part
- Continue
- Then you should see no tax if you rolled the full amount.
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