DanaB27
Expert Alumni

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.

 

 

 

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