Yes, you need to enter the Form 1099-R into your tax return
and answer any follow-up questions to indicate that it was a rollover
distribution. It will be on your return,
but not taxable. Otherwise, the IRS may
assume that the full amount is taxable.
Use the following steps to get started:
On the top row of the
TurboTax online screen, click on Search (or for CD/downloaded TurboTax
locate the search box in the upper right corner)
This opens a box where you
can type in “1099-R” (be sure to enter exactly as shown here) and click
the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will
give you an option to “Jump to 1099-R”
Click on the blue “Jump
to 1099-R” link
