- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
401k rollover to traditional IRA then withdrawal from traditional IRA
I rolled over $9000 from 401k to a traditional IRA account (both different companies) then I withdrew that $9000 to help pay for mortgage down payment as a first time homebuyer. I got two 1099Rs from the different retirement companies. I entered both into the retirement forms and they are counted double as $18,000 withdrawal, one taxable (IRA withdrawal) and the other non-taxable (rollover). Shouldn't it only count once in the total of $9000. How can Turbotax calculate this as one amount, what do I need to do differently? Please advise. Thanks.
Topics:
March 18, 2020
8:47 AM