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.

Can you tell me where I can enter my IRA rollover in TurboTax?

 
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.

4 Replies
rjs
Level 15
Level 15

Can you tell me where I can enter my IRA rollover in TurboTax?

You should have gotten a Form 1099-R for the distribution from the old IRA. You just enter it in TurboTax like any other 1099-R, and proceed through the questions. If the 1099-R does not show that it was a rollover, after you enter the 1099-R TurboTax will ask you if you rolled it over.


If you did a direct trustee-to-trustee transfer (which technically is not a rollover) they might not have issued a 1099-R. In that case you do not have to enter the rollover on your tax return.

 

DawnC
Employee Tax Expert

Can you tell me where I can enter my IRA rollover in TurboTax?

Do you have your 1099-R?  If so, enter it and TurboTax will ask you about the rollover when you enter the 1099-R.  Where do I enter a 1099-R?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can you tell me where I can enter my IRA rollover in TurboTax?

Sorry but your answer is confusing to me.

 

Got a 1099-R from MS which included a $50K amount I had distributed to myself.  I sent it back to MS in less than 60 days but the  original

1099-R does not reflect the "repayment".  The question is where in TT do I enter the $50K repayment.  

rjs
Level 15
Level 15

Can you tell me where I can enter my IRA rollover in TurboTax?

@arjordan99 

A 60-day rollover is never shown on the 1099-R. After you enter the 1099-R in TurboTax, proceed through the subsequent questions. It will ask you what you did with the money. If you answer that you returned some or all of the money to the same retirement account, you will be able to either indicate that you rolled over the entire distribution, or enter the amount that you rolled over.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question