Since you rolled over the retirement funds in a timely matter (within 60 calendar days of withdrawal.), you
would enter your 1099-R in the Retirement Plans and Social Security
section of TurboTax.
Turbotax will show
the distribution on Form 1040 Line 15A (for an IRA) with
the word ROLLOVER next to it, and there will be no tax
consequence.
Please see the image
below that shows the screen, in TurboTax, where you would
show the rollover designation.
To
enter your 2016 1099-R and enter the IRA CONTRIBUTION FOR THE AMOUNT OF TAXES WITHHELD
- Type 1099-r in the search box and
click search.
- Click on Jump to 1099-r.
- At the choose your bank or brokerage screen, click on I'll type it in myself.
- Enter your 1099-R form exactly as shown. If
the form has Box 7 with code G, Rollover, TurboTax will automatically enter it as a
Rollover on your income tax form.
- If you form does not have Box 7 with code G,
Rollover, on the What
Did You Do With The Money From This Payer? screen, click on I moved the money.... and I rolled over all of the money... See Screenshot below.
- Continue with the onscreen interview until you get to the How Much Money Did you Actually Deposit? screen. See Screenshot below.
- Check the circle, Yes, I added XXX to the XXX i got (Total $XXX).
- Continue with the onscreen interview.
