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Deductions & credits
The program asks about moving the money and then asks was all of it moved. If it was not all, you have to enter the amount. I think something got missed in this area. In addition, the pensions are probably coded as box 7 code 7 for a normal pension distribution rather than being recognized as rolled over funds. Proper answering should correct the location of the dollars.
- When asked Tell us if you moved the money through a rollover or conversion select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) and select Continue
- On the next screen, Did you roll over all of this (Box 1) to another retirement account? answer Yes, I rolled over to an IRA or other retirement account (or returned it to the same account) and select Continue
Reference: Rollovers of Retirement Plan and IRA Distributions - IRS
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March 6, 2023
3:52 PM