Form 1099-R

[Jean781]

I got this for year 2023.  Amount was transferred to investment.  How do I file my taxes?

box 1–$95,000

box2a- $44,000

box 2b- X-total distribution 

box 5-$50,000

box 7-7D

box 9a- 100%

box 16-$44,000

what do I do?

[LenaH]

First, you will need to input your 1099-R. Then, on the screens that follow your input, you will be asked about rollovers. This is on the screen, Tell us if you moved the money through a rollover or conversion, which is below for additional reference. Answer this question according to the details of your transfer. 

To get to the 1099-R area of TurboTax, please follow the instructions below:

1. Open your return. 
2. In the Federal section, select Wages & Income.
3. Scroll to locate Retirement Plans and Social Security.
4. Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).

[SteamTrain]

And you do need to be clear as to what kind if account it was transferred to...the button you select.....if it just went to a regular personal investment account...and not to any kind of IRA, then you'd select the last button.

For the box 7 code being a 7D...be aware that is actually two separate codes..a 7 and a D that go in two separate boxes at box 7.