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Retirement tax questions
Box 7 is 7 which is correct. IRA, SEP box is checked.
The 1099R is correct. The issuer does not know there was an indirect rollover, so they are showing the entire amount as a regular distribution. The problem is finding where to enter the rollover amount so that it gets deducted on 1040 (line 4B). Nowhere in the 1099R entry process does is pose the question. Even if I go directly to the 1040 line 4b and do a manual over-ride its not reducing the line 4B total in the far right column.
‎February 13, 2020
3:33 PM