After entering the 1099-R you can indicate that you rolled over the funds. You can indicate this in TurboTax by following these steps:
- A few screens after the 1099-R input screen, you should see a screen, How much of the $12,345.00 was a RMD?
- On the screen, Did [you] rollover all of this $XX (Box 1) to another retirement account? Mark the Yes button, if you rolled over the entire amount.
- The next screen should say: Good news! You don’t owe taxes on your rollover.
