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Level 2
April 14, 2020
Question

I am filling out 1099-R form. I rolled part of the distribution into an IRA. Box 7 is listed as 7 and not G. Why am I not asked "What did you do with the money?".

  • April 14, 2020
  • 2 replies
  • 9 views
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2 replies

Level 7
April 14, 2020

Well, you did say you rolled part of the distribution to an IRA. Is it possible that the 1099-R you are entering is not the one you actually rolled over?

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fanfare
Level 15
April 14, 2020

what you did with the money makes all the difference.

Level 15
April 14, 2020

When you enter a code 7 Form 1099-R, the only reason that TurboTax would not ask what you did with the money is if you indicated that it was all RMD.  RMDs are not eligible for rollover.

Level 2
April 14, 2020

This answer resolved my issue.  This is the mistake that I made.  Thank you!