@nickplace wrote:
My old company went bankrupt, i received a 1099-R, and the gross distribtion is showing as income on my Turbo tax even though it was rolled over to an IRA . I have the 5498 form from the institution showing this, but Turbo tax isn't allowing me to enter in the 5498. I'm using the Deluxe turbo tax. Do I need to upgrade? this is rediculous.
After you completed entry of the 1099-R one of the following screens would have asked if you moved this money to another or the same retirement account. Go back through the 1099-R section and select this option.
