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Retirement tax questions
Yes, you can report your 1099-R and that the amount was rolled over.
Start with your 1099-R. Hopefully, it shows the code "G" in box 7. If it does, just enter the form in the 1099-R section.
If you have a "1" or "2" in box 7, you will need to watch for the screen titled, "What did you do with the money from (your broker's name)?" Pick the first answer, "I moved the money to another retirement account."
Pick the first answer to the next question, "I rolled over all of this money to an IRA or other retirement account."
That will show the distribution on your return, but it will not be added to your taxable income. If you are asked to create a statement after you do that, it should read something like:
"I received a distribution from (name of bank or broker and account number) on (date of distribution). I rolled over the amount to (name of bank or broker and account number) on (date of deposit)."
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