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Retirement tax questions
Did you get a form 1099-R for the distribution? If so, what code is in box 7? What is in box 2a? What kind of account do you have at Peoples United bank mutual funds? That is, does the title on the account say IRA or Rollover IRA or Roth IRA or rollover 401k. In other words, are you sure you did a rollover and not a withdrawal that you put in an investment account?
Nobody here will be able to review your "posting".
TurboTax (TT) handles rollovers pretty smoothly. You enter the 1099-R at retirement distributions. The follow up interview will identify the distribution as a rollover. The distribution will be placed on line 16a of form 1040, with 0 as the taxable amount on line 16b. The word ROLLOVER will also appear om line 16 (line 12 of form 1040A).
Nobody here will be able to review your "posting".
TurboTax (TT) handles rollovers pretty smoothly. You enter the 1099-R at retirement distributions. The follow up interview will identify the distribution as a rollover. The distribution will be placed on line 16a of form 1040, with 0 as the taxable amount on line 16b. The word ROLLOVER will also appear om line 16 (line 12 of form 1040A).
‎June 4, 2019
7:55 PM