I would recommend deleting the 1099R and starting over, If you did a rollover, but was not trustee to trustee, in other words you received the money and then put it into an IRA, there would be withholding on the transaction. The problem is, if you did a rollover and only included the net proceeds you received, then you would have taxable income for the amount of the withholding since you did not rollover the entire proceeds, only the amount net of the withholding. Check out the code in Box 7. Is it a 1 or 7 or G? The G code indicates a rollover but since you took the proceeds, its probably a 1 or 7. You should have had some questions on what did you do with the money. If you answered "Something else", then the entire amount would be taxable. If you entered a you put it in another retirement account. Then TurboTax assumes its a rollover or partial rollover. After you have logged in and are in your return in TurboTax Online:
- Go to Search at the top of the screen.
- Enter Form 1099-R in the search box.
- You will see a Jump To function that will take you to the 1099-R input screens.
- Delete the 1099R in question by clicking on the trash can next to the form
- Then add a new 1099R and manually enter your 1099R.
At the financial services screens, click "Change how I enter my form" then "Type it myself"
