MichaelMc
New Member

Retirement tax questions

It appears from your question that the funds were either returned to the same IRA or moved to another Traditional IRA, and that this was done within 60 days. If that is correct, the rollover would be non-taxable.

Enter the 1099-R information exactly as it appears on the form.  If a box is blank - leave it blank - please do not enter zero.  Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is checked on the form.  If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.

As this was an IRA partial rollover, answer the question that "(Name) moved the money to another retirement account ..." (can be the same account). Next, select the answer, "(Name) did a combination of rolling over, converting, or cashing out the money."

In the next question, enter the amount of rollover.


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