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IRA Indirect rollover
I’m having a problem filling out Turbo Tax for an indirect rollover. I rolled over a 401K to an IRA annuity. Fidelity, administrator of my 401K, wouldn't do a direct rollover for my IRA annuity. Fidelity sent me the check, making this an indirect rollover and necessitating the creation of a 1099-R. Turbo Tax is adding the total amount of the rollover to my income. How and where do I get Turbo Tax to subtract the amount? According to the IRS publications I’ve read and tried to understand, if it was a direct rollover, Fidelity wouldn’t have sent a 1099-R.
P.S. I'm 72 and 10 years retired
March 28, 2025
3:41 AM