Please see the instructions below:
- Click "Personal Income" on the top
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue" and enter the information from your 1099-R
- TurboTax will ask if this was a rollover to a Roth if it was rolled over to a traditional IRA then answer "no".
Please be aware that it will show as income on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 4b (taxable amount), in the case of a rollover this amount should be 0 and the words ROLLOVER will be next to it.
If it was rolled over into a Roth IRA then this will be taxable income.
