HelenC12
Expert Alumni

Retirement tax questions

Even though the 1099-R shows the amount as taxable, after you enter your 1099-R, the follow up screens will allow you to enter the monies as a Rollover making them not taxable. In the interim, you may see your tax refund go down or the amount due go up. Don't worry. Once it's entered as a Rollover, TurboTax will remove the taxes and you refund or amount due will be correct.

 

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