dmertz
Level 15

Retirement tax questions

You must enter the Form 1099-R exactly as received.  When TurboTax asks what you did with the money, indicate that you moved the money to another retirement account or back to the same account, indicate that it was rolled over, then indicate the amount that was rolled over.  TurboTax will include the word ROLLOVER next to line 4b of Form 1040.  Because the deadline for the IRA custodian to issue Form 5498 is after the regular deadline for filing your tax return, you need to know from your own records the amount that was rolled over, so TurboTax does not ask for the entry of the Form 5498, just the relevant information that will eventually be reported on the Form 5498.