My husband's company rolled over his 401k into an IRA while he was out of work due to Covid. Later in the year he took a full distribution, it was only $3,500 and he was over 59 1/2. He received two 1099 Rs - the first has Code G in box 7 (which is a full rollover) but TT does not ask us if it rolled over to another traditional IRA, only asks if it rolled over to a Roth account. When we enter the second 1099R it has Code 1 in box 7 and this does ask us what we did with it (cashed it out).
The problem I'm having with TT is that it is doubling the amount in our income summary, adding almost $7,000, even though this is the same money and it should only be adding $3,500. Is this a glitch in TT?
