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Retirement tax questions
There will be only one Form 1099-R which is what you will enter into TurboTax and indicate that you moved the money to another (or back to the same) qualified retirement account. You'll also receive a Form 5498 showing the amount deposited as a rollover, but that form does not get entered separately. Forms 1099-R report distributions, Forms 5498 report deposits ("contributions" of various types as the term is defined in the tax code).
‎April 20, 2024
3:35 PM