Looking for help on an issue I'm having on getting my taxes finsihed so I can submit it through Turbotax before Monday the 15th. I did post a question elsewhere, but what I was told by one of the experts on here (John) didn't quite work the way he said it would. I took $12K out of my employer run 401K and transferred it in less than 30 days to a Gold IRA (traditional not Roth). I was told that once I do all the steps, including adding all the 1099-R info that I would be asked what I did with the money, but all Turbotax did not... All it asked me was whether I transferred it to a Roth IRA, which I didn't it was transferred to a traditional IRA. For this reason, Turbotax is saying I will pay a penalty. Any suggestions on what I may be doing wrong?
