You will enter the 1099R and then after the 1099R it will ask you what you did with it, (cashed it, rolled it over) and you carefully answer the questions that follow the 1099R entry.
Rolled from Traditional to Traditional -no tax impact.
Rolled from Traditional to Roth -taxable income at your tax rate
Rolled from Roth to Roth -no tax impact.
To enter pension and annuity Payments (1099-R)
- Click on Federal Taxes
- Click on Wages and Income
- Click on I'll choose what I work on (if shown)
- Scroll down to Retirement Plans and Social Security
- On IRA, 401(k), Pension Plan Withdrawals (1099-R),
click the start or update button
