- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
IRA Rollover from annuity
I wanted to transfer from my annuity IRA to my brokerage IRA in 2021. I asked the brokerage to initiate the transfer of a Roth and and IRA account to my respective brokerage accounts. The Roth was submitted, but the IRA was handled as a "Surrender", which means it was turned into cash, and put in my bank, which I subsequently sent to my IRA. I received a 1099-R for the "surrender" with a taxable amount in box 2a. I think there is a transfer period that is allowed for the rollover in cash. How do I handle the transfer in TurboTax while entering the 1099-R?
‎February 17, 2022
10:11 AM