turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ksaun
New Member

403b rollover to traditional ira

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?  

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

403b rollover to 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.  

View solution in original post

1 Reply
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

403b rollover to 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.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question