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danbkoebel
New Member

A partial rollover of IRA funds withdrawn. 1099r form has the entire withdrawal taxable. I know the amount of rollover. How do I report it if it is not on my 1099r?

 
1 Reply
DanaB
Intuit Alumni

A partial rollover of IRA funds withdrawn. 1099r form has the entire withdrawal taxable. I know the amount of rollover. How do I report it if it is not on my 1099r?

You can indicate that part of the money was rolled over when entering your 1099-R:

    1. Click "Personal Income" on the top
    2. Click "I'll choose what to work on"
    3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)
    4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
    5. Click "I'll Type it Myself"
    6. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
    7. Click "Continue" and enter the information from your 1099-R
    8. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account (or returned it into the same account)
    9. Then choose “I did a combination of rolling over, converting or cashing out the money.”
    10. Enter the amount in the field next to “Amount rolled over to another (or back to the same) retirement account

     Please be aware that it will show as income on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 4b (taxable amount), only the amount that was not rolled over will show here. 

    If it was rolled over from a traditional into a Roth IRA then this will be taxable income (conversion).

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