albert_lam
Returning Member

NJ General Rule Method

I recently rolled over a 401 into a traditional IRA. The 401 company made a mistake and issued a check for a very small amount to correct the difference. I forgot and cashed the check instead of entering it into the IRA account.

 

I reached a part on TurboTax where it asked me to enter the amount for the "contributions made to the plan (basis)" and "expected return on contract" for the general rule method. What am I supposed to enter into those fields? Is the contributions made to the plan the amount I rolled over? Is the corrected amount I cashed the amount I enter into the expected return on contract?