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401k rollover to IRA

My 1099R shows a G for direct rollover. My federal shows it correctly but my Michigan return says I'm getting a refund for $144,000. This cannot be correct. It seems my Michigan return doesn't recognize it as a rollover.

 

Thanks for your help

Steve

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2 Replies
dmertz
Level 15

401k rollover to IRA

The result suggests that you incorrectly entered an amount of state tax withholding somewhere.  Perhaps in box 4 of TurboTax's 1099-R form you mistakenly entered the gross-distribution amount instead of zero.  You could try deleting and reentering this Form 1099-R if it's the entry of this form that caused the change in the Michigan tax refund.

401k rollover to IRA

Thanks, dmertz.

I did what you recommended and re-entered the 1099R. That took care of my problem.

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