Anonymous
Not applicable

Education

 

I rolled over direct from one plan to another. When I entered the 1099Q, Turbotax added a large amount to Fed and state tax due. After I edited the 1099-Q to check, Turbotax stated that only one rollover was permitted. There was only one rollover, so it's unclear why that message came through. This is with Turbotax 2022 Deluxe on a PC (not online version).

 

I edited the form and for some reason Turbotax had not checked that the full amount was rolled over. I got no question in interview mode about how much of the distribution was rolled over though I had stated that the 1099-Q box for direct rollover was checked. Once I checked the box in form mode, the tax due went away.

 

Hope this helps anyone else who may run into this problem.