- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Please contact the company 401k manager they are required to issue you a 1099-R for the distribution. Please do not enter this as an IRA contribution since the money was rolled over.
If you cannot get the 1099-R then you will have to create a substitute 1099-R but please try to get the 1099-R first. On the "Tell us which 1099-R you have" screen you will need to select "I need to prepare a substitute 1099-R"
For future references, if you make contributions to a traditional IRA and can not deduct the contribution because of your income and retirement plan at work then you will have a basis in the traditional IRA that is tracked on Form 8606. Later when you withdraw money some of that money will be allocated to this basis and will be tax-free.
**Mark the post that answers your question by clicking on "Mark as Best Answer"