Yes, TurboTax can handle Form 1099-R as you described above. Code G in Box 7 of Form 1099-R indicates a direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.
Refer to TurboTax Help article What do all the codes in Box 7 of the 1099-R mean?
Follow the steps below to enter your Form 1099-R:
- Select Federal
- Select Wages & Income
- Scroll down to Retirement Plans and Social Security
- Select Start by IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Add your 1099-R.
Refer to the TurboTax Help article Where do I enter my 1099-R? for more details.
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