JohnB5677
Expert Alumni

Retirement tax questions

I can help you correct your 1099-R to correctly report it as a non-taxable rollover.

 

  1. Log into TurboTax and bring up the 1099-R that you posted.
  2. Continue in the interview
  3. Do any of these situations apply to you? - None of these apply
  4. How much of the $XX,XXX was a RMD? - None
  5. Tell us if you moved the money through a rollover or conversion
    1. I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
  6. Did you roll over all of this $XX,XXX (Box 1) to another retirement account?
    1. Yes, I rolled over $XX,XXX to another traditional IRA or retirement account (or returned it to the same account).
  7. Complete the interview.

Now check your tax return.

 

  1. On the menu bar on the left that shows.
  2. Select Tax Tools
  3. On the drop-down select Tools
  4. On the popup menu
  5. Select View Tax Summary
  6. On the left sidebar
  7. Select Preview my 1040.
  8. Schedules 1,2&3 are included if you scroll down past your 1040.
  9. To return to the entry screens press Back on the sidebar.

Your IRA distribution is on line 4a

Taxable amount is on 4b

 

@Anonymous

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