Irene2805
Expert Alumni

Retirement tax questions

Please be sure you indicate that the withdrawal was "rolled over"  to the same account.

 

  1. A few screens after the 1099-R input screen, you should see a screen asking if you rolled over all of the distribution to another retirement account.
  2. Mark the radio button that you rolled over $XX to an IRA or other retirement account (or returned it to the same account).
  3. If you are using the desktop version of TurboTax, the screen will say What did you do with the money from this payer?  Mark the button that you moved the money to another retirement account.
  4. Below the grey line, click the radio button next to rolled over all of this money.

The amount of the original withdrawal will show on your 1040, line5a., as a distribution, but line 5b will show 0 as the taxable amount, with ROLLOVER noted.  See screenshot below: