MarilynG1
Expert Alumni

Retirement tax questions

@cousincarmona If you received a 1099-R to report the rollover, the Code in Box 7 may indicate that when you enter your 1099-R.

 

Enter your 1099-R as shown, and pay close attention to the follow-up questions asked by TurboTax.

 

If you indicate a rollover from a 401K or Individual IRA to a Roth account, the amount is taxable.

 

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right.   

 

For 1099R check 1040 line 4b or 5b for any taxable amount.  If it was a rollover it should say ROLLOVER by it and 0 taxable. 

 

You could delete/re-enter your 1099-R if you believe you may have answered a question incorrectly. 

 

Click this link for more info on How to Enter a Rollover

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