My wife rolled money from a employer sponsored 403b to a traditional ira. I enetered the information from the 1099R exactly is it is. I also entered her Roth contributions, am I supposed to enter the contribution for the traditional ira in the ira section. When I do it says we will pay a 6% penalty. By entering the G for rollover am I all set? I don't need to add anymore information than that?
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Only enter the 1099R with code G. Do not enter it under Deductions & Credits. It is not a new contribution to the Traditional IRA.
Only enter the 1099R with code G. Do not enter it under Deductions & Credits. It is not a new contribution to the Traditional IRA.
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