AmyC
Expert Alumni

Retirement tax questions

I am assuming you are saying that the distribution is showing on line 5b as taxable. A rollover will not affect your IRA contribution allowed. Something is not entered correctly.

 

The 1099-R should show rollover code G in box 7. Box 2a taxable amount should be zero. I can only think you didn't go through all the questions after entry and mark that is was rolled over. 

Follow these steps:  Where do I enter an IRA rollover?

 

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