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Retirement tax questions
Sorry I mislead you VolvoGirl. In my initial post, I made a mistake by saying "interest income" - I should have said "income" (I now made the correction) The rollover distribution is listed as income under my 1099-R Info section and gets added to my RMDs. One of my 1099-R banks which received the rollover IRA includes the RMD for the rollover IRA. I received 1099-R forms from both bank so I thought I should enter info from both 1099-Rs. I thought the distribution code G would identify that it was a direct rollover and no taxes need to be paid on the amount. Maybe I shouldn't worry about it right now, then when it is entered on my 1040A form it will be listed as non-taxable income. Any suggestions would be appreciated.
‎February 4, 2022
10:06 PM