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posted Mar 7, 2024 6:44:42 PM

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?  

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1 Replies
Level 15
Mar 7, 2024 6:47:03 PM

Only enter the 1099R with code G.  Do not enter it under Deductions & Credits.  It is not a new contribution to the Traditional IRA.