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My IRA manager made an over withdrew for my 2018 RMD, as reflected in 1099-R. To correct, he rolled $8000 back to my IRA. How to indicate this in Turbotax?
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June 3, 2019
5:36 PM
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Retirement tax questions
You can indicate the "partial rollover" back to your IRA in the screens after the 1099-R entry screen. To return to your 1099-R and indicate this, please follow these steps:
- Click on Federal > Income & Expenses
- 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).
- If you have already entered this or other 1099-Rs, Your1099-R
Entries, click on the Edit link next to the applicable IRA.
- Click Continue on the 1099-R entry screen.
- If you haven't yet entered this 1099-R, continue through the screens to enter the information.
- After the 1099-R entry screen, you will see a screen What Did You Do With The Money From IRA? Mark the button that you moved the money to another retirement account.
- In the section, Choose which of the following applies, mark the radio button next to: I did a combination of rolling over, converting, or cashing out the money.
- In the next section, enter the Amount rolled over to another (or back to the same) retirement account -- the amount your IRA manager put back.
- Continue through the screens to finish the 1099-R entry.
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June 3, 2019
5:36 PM