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1099-R 401-k Conversion to Personal IRA
Last year I retired and closed my 401-k account which was not a Roth account. I requested that the financial company that managed the company 401-k funds send the funds directly to my personal financial institution where I have an existing IRA. They did not do this and instead mailed a check for the funds to me. I mailed the full amount of the funds to my financial institution as soon as I received the check and they deposited the monies into my personal IRA. My question is this: there was approximately 7-10 days between the two transactions, but I did not keep any of the distribution for personal use.
How do I show this in TurboTax without being penalized?
‎February 14, 2024
12:29 PM