VolvoGirl
Level 15
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Retirement tax questions

If it was within the 60 days, after you enter the 1099R it will ask what you did with it. Pick you moved the money to another account even if you put it back into the same account. Then that will expand and you pick I rolled over all this money. Then it will expand to enter how much you rolled over.

 

Did they take any withholding out of it?  If they did you had to add it back in from your own money when you put it back or the withholding will become a distribution by itself.  


If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.

 

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

 

 

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