My husband and I both rolled-over 401(k) accounts from previous employers into traditional IRA accounts with a new financial institution. We completed the rollovers within the allotted time window. We've got the 1099-Rs and also Form 5498s.
Where do we enter the 1099-R (specifically) in TurboTax? How do we answer the follow-up questions based on the situation described above? Currently, the question responses following the 1099-R entry in income don't seem to address this specific situation well.
Then, where do we enter the Form 5498 in TurboTax? How do we answer any questions associated with that form?
Without entering the Form 5498s, TurboTax makes it look like we took the 401(k) distributions as income when we did not.
