Retirement tax questions

Code G in box 7 of a 1099-R is a direct rollover to an IRA. You need to enter the 1099-R and answer all the follow up questions to make sure your are not taxed on the rollover. Normally you would not receive a check with a direct rollover but the funds would be sent directly to the financial institution where the IRA is.

To enter a 1099-R, click on Federal Taxes, Wages and Income, I'll choose what I work on.

Scroll down to Retirement Plans and Social Security and select the appropriate line.

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