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Retirement tax questions
I had 401k account with my previous employer which used WellsFargo. When I joined current employer (which uses Fidelity), I rolled over the complete amount from WellsFargo 401K to Fidelity Rollover IRA account.
WellsFargo gave me 2 1099-R forms.
1. First form shows partial amount with correct distribution with code G.
2. Second form shows remaining amount with wrong distribution code 8.
I received one Form 5498 from Fidelity showing the complete rolled over amount correctly.
When I enter 2 1099-R forms from WellsFargo, its the wrong information and considers that I cashed out and increases my tax liability.
Is there a way to enter form 5498 with correct amount and data that I didn't cash out anything while moving from WellsFargo to Fidelity? If not, then how do I correctly enter the info in TT?