Retirement tax questions

OK, if you are getting that message it appears it was entered as a contribution for 2017.  It is not contribution as it is a rollover.

First thing to do is:  Go to Deductions and Credits, down to Retirement section then to IRA contributions and remove it from here as no contribution was made.

Then make sure the 1099R is correctly entered and this will taxable income going from Traditiional to a Roth.

 To enter pension and annuity Payments (1099-R)

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • 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

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