This still does not work correctly for me. While TT makes line 4b zero and has the correct dollar amount in line 4a, it incorrectly adds the tax withheld to line 25b even though I indicated I retuned that money as well.
Delete 1099, save file close TT. Reopen TT
Import 1099R
Shows me three documents that I have imported, click done
For some reason TT asks me about *other* imported item. (Answer None of these apply)
TT shows me 1099R of this subject – I click edit
Confirmation question - I confirm Form 1099R and that it belongs to me. (Not my wife).
Shows me form values. Continue
I click continue
Did name (me) inherit the IRA from Brokerage.
If I click Click No (as directed in this thread even though IRA IS inherited )
TT asks me when this person was born (Despite the fact that I said not inherited – Probably it knows inherited from code=4)). Answer before July 1, 1948
Was this withdrawal an RMD I click NO
What did you do with the money – select Moved to another retirement account(or returned it to the same retirement account?
Which of the following applies
Rolled over all of this money to another traditional IRA ….
We want you to let you know You wont have to pay tax on your $1,740.87 rollover from Brokerage
How much money did you actual deposit (they mean return)
We see that $539.67 was withheld from this distribution for taxes
Yes, Name added $539.67 to the $1,201.20 name got (total of $1,740.87)
Did name put this money from brokerage in a Health savings account - No
Was this withdrawal due to COVID 19 or a Qualified Disaster No
Value on line 25b is incorrect.
