Entering 1099r indirect rollover

[jandjpeach]

took a partial distribution at time of rollover

[marsha-epstein]

I'm not clear what your question or problem is. When you receive a 1099-R, just copy what is on your form into TurboTax. You can do that in the Step-By-Step or by going directly to Forms.

[joe15]

I cannot find the forms on my computer. I am trying to copy the complete tax form filed for my records

[macuser_22 · Accepted solution]

Enter a 1099-R  here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Enter the 1099-R information exactly as it is on the form.  If a box is blank - leave it blank - DO NOT enter zero "0".  Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box ONLY if it is checked on the form.  If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.

If this was a IRA rollover or conversion, answer the question that you moved the money to another retirement account (can be the same account).  The screen will open up with choices of where it was moved. For a partial rollover say you moved the money then enter the amount of rollover.

(If box 7 has a code “G” it will automatically be a trustee-to-trustee rollover).

It will show as income on the summary screen which shows gross income, not taxable income.
 
The income will be reported on line 15a or 16a on the 1040 form (depending on the type of account) with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on line 15b or 16b.  In the case of a rollover, that amount will be zero.

[mans5singh]

Hi:  Where do I enter that I moved the money to another retirement account ?  Can you please add screen shot for this workflow ?

[macuser_22]

@mans5singh - Depending on the code in box 7, you might not get that question.  
What is the box 7 code?

[mans5singh]

The code is box 7 is 7 but it was rollover to another IRA.  So I should be able to enter this information in turbotax.  Thanks for your quick response macuser_22.

[macuser_22]

Yes. just enter it as in the answer above and you will be asked what you did with the money - say that it was qualified and moved to another retirement account and then rolled to an IRA (top box).

[mans5singh]

Hi:  I am using turbotax premium 2017 and when I enter 1099R information I do not see the question mentioned above "If this was a IRA rollover or conversion, answer the question that you moved the money to another retirement account (can be the same account)."  So can you please let me know where I will be asked that question ?

[macuser_22]

The question is near the start of the interview for a code 7 in box 7.

Is the IRA/SEP/SIMPLE box checked on the 1099-R?