Turbox tax record 401k Direct Rollover to IRA 1099-R in 1040 5a with correct amount, and checked rollover box of in 4a with 0. leading to filing rejected.
How can i fix this in turbotax?
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The reporting of a direct 401(k) rollover to IRA with the correct amounts showing on Line 5a was resolved with a recent update. Here are the steps to take to ensure the correct amounts appear on your tax return:
First, delete the current Form 1099-R and the IRA Information Worksheet:
Next, re-enter Form 1099-R:
To verify the information is correct:
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