BillM223
Expert Alumni

Retirement tax questions

An interview is a series of screens in which TurboTax asks you questions, and you answer.

 

When you go to Wages & Income->Retirement Plans and Social Security->IRA, 401(k), Pension Plan withdrawals (1099-R), you enter this "interview" in order to answer a series of questions about the 1099-R that you received. 

 

As I noted, one of the screens will ask you, "What did [name] do with the money?" Then you say , "[name] moved the money to another retirement account". Then it will ask you how much of the distribution was handled this way. Now that amount will be non-taxable.

 

When I said "Don't worry about the 1099-R." I meant that you don't need to get a corrected 1099-R from the issuer sine they are not inclined to give to you anyway.

 

"I need to show that this money was not a distribution but a rollover. How do I go about doing that within Turbo Tax?" To do this, you do exactly what I said, and what DoninGA showed you.

 

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