IreneS
Intuit Alumni

Retirement tax questions

To enter the information from your 1099-R in TurboTax, and indicate that you rolled over the distribution, please follow these steps:

  1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
  2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).  [See Screenshot #1, below.]
  3. If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries.  Click on the link Add Another 1099-R.   [Screenshot #2]
  4. If you haven't already entered a 1099-R, you will see the screen, Your 1099-R. Click Yes and then Continue.
  5. You can either import your 1099-R or click on the I'll type it in myself box[Screenshot #3]
  6. Be sure to include the federal tax withheld in box 4 on the 1099-R entry screen.
  7. A few screens after the 1099-R entry screen you will see a screen, What Did You Do With The Money From This Payer?  Mark the button [You] moved the money to another retirement account (or returned it to the same retirement account).  [Screenshot #4]
  8. In the Choose which of the following applies section, select the appropriate answer.  In your case it sounds like the first option applies: [You] rolled over all of this money to an IRA or other retirement account (or returned it to the same account). 
  9. Click Continue.
You should get an acknowledgement screen that the rollover will not be taxed.  [Screenshot #5]





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