- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You are correct that a rollover is not taxable, but you should still report the 1099-R:
Click Federal Taxes (top menu)
Click Income & Expenses (just below top menu)
Scroll down to Retirement Plans and Social Security and click Show More (if necessary)
Edit/Add the 1099-R information and pay attention to Box 7 distribution code.
Hopefully the code is G (direct rollover).
If not, you did an indirect rollover, and should take these additional steps:
At the What Did You Do with The Money screen indicate that I moved the money to an IRA or another retirement account and then select rolled over down below.
There should be no impact on your taxes in either case.
May 31, 2019
10:16 PM