Retirement tax questions

  1. After you enter your 1099-R,TurboTax, will ask questions about the distribution.  
  2. TurboTax will then ask What did you do with the money?  
  3. Check the box saying you moved it to another retirement account (or returned it to the same account).  
  4. The next question will be how much of it you put back, give the number
  5. These two answers will make the amount repaid not taxable

After you open the tax return

Go to Wages and Income

Click on Retirement plans/Social security/IRA

Click on 1099-R you want to edit


Click on the link for more information

 

IRA