kneeraja
New Member

I have entered my 1099-R form that I received from brokarage acct. does this increase my total income?. However, I have deposited the same check into rollover IRA acct?

I have entered my 1099-R  and that increased my total income even though i have deposited the amount in my rollover 401K acct with new brokerage comp . Am I doing correct or my brokerage comp(money deposited) should give me different form to reduce my total income?