DanaB27
Expert Alumni

Retirement tax questions

Please follow these steps in TurboTax Desktop:

 

  1. Click "Federal Taxes" on the top and select "Wages & Income"
  2. Click "I'll choose what to work on"
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)”
  4. Enter your Form 1099-R
  5. Continue "What did you do with this money from this payer?" and select "I moved the money to another retirement account (or returned it to the same account)
  6. Then select “I did a combination of rolling over, converting, or cashing out money.” and enter the amount rolled over (returned to IRA) next to "Amount rolled over to another (or back to the same) retirement account
  7. Continue answering the questions.

 

Please follow these steps in TurboTax Online:

 

  1. Click on "Search" on the top right and type “1099-R” 
  2. Click on “Jump to 1099-R”
  3. Click "Continue" and enter the information from your 1099-R
  4. Answer questions until you get to “Tell us if you moved the money through a rollover or conversion”, choose “I rolled over some or all of it an IRA or retirement account within the time limits (normally 60 days)”, and click “Continue
  5. Select “No, I rolled over less than $xxxx and enter the amount returned to the IRA
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