evans9726
New Member

Retirement tax questions

The designation on the distribution form in box 7 is "G" - direct rollover and rollover contribution. The only question I see regarding the rollover is into a Roth, but this went into a traditional IRA account.  When I get to the 1099-R Entries page, it shows total withdrawals as the same as the amount put in. We did not withdraw the money; it went directly into the brokerage account. I did not see any follow-up questions including "what you did with the money". I'm not sure how to edit the form, unless it's not supposed to match the 1099-R, as I have entered it as it was designated.

It shows it being non-taxable, but the problem is, it is doing something with the Obamacare subsidies, and causing the return to show a huge tax incurred, because it is showing the distribution as income, and making it appear as if we had the distribution as income. It has something to do with how the subsidies are handled. I still have not figured it out.