DaveF1006
Expert Alumni

Retirement tax questions

it depends. Try these steps to see if the entry was made correctly.  If not, just repost your answer in this thread to do some additional troubleshooting. Assuming you are using Turbo Tax online, perform these steps.

  1. Log into Turbo Tax

  2. Go to tax tools>tools>view tax summary

  3. Now look in you left side of your screen and select

  4. Preview my 1040

  5. Scroll down to Boxes 4a and 4b. There should be a difference. 4a is your gross distribution and 4b is your taxable amount of your distribution. In addition, underneath 4a should say rollover. There will not be an amount listed there but this informs the IRS that the difference is because of the rollover.

  6. NOTE: If there are no amounts listed in 4a and 4b BUT listed in 5a and 5b, then this was incorrectly reported as a pension.  You will need to go back into your program and edit the 1099-R and check the box within the form stating that this is an IRA so that this distribution is handled correctly in the program.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"