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Retirement tax questions
Where is it incorrect? If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. If it was a rollover it should say ROLLOVER by the “b” line and 0 taxable.
After you enter the 1099R it will ask what you did with it.
Pick I moved it to another retirement account even if you put it back into the same account.
Oh what code is in box 7?
April 8, 2025
4:54 PM