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wwljapirs
New Member

How can I enter a direct rollover from one tax deferred retirement plan to another tax deferred retirement plan?

The Turbotax prompts are all concerning rollovers to Roth IRAs.  
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How can I enter a direct rollover from one tax deferred retirement plan to another tax deferred retirement plan?

When entering a code-G Form 1099-R that reports a direct rollover and you answer No to both questions regarding rollovers to Roth accounts, TurboTax automatically treat the distribution as having been rolled over to a traditional account, no need for other questions.

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2 Replies
BillM223
Expert Alumni

How can I enter a direct rollover from one tax deferred retirement plan to another tax deferred retirement plan?

What TurboTax prompts are you talking about? They are not all for Roth IRAs.

 

What is the distribution code on your 1099-R?

 

In the screens after you enter the data for the 1099-R, eventually you will be asked, "what did [name] do with this money?"

 

Check "[name] moved the money to another retirement account."

 

Then in the new lines that appear, tell TurboTax if some or all of the distribution is a rollover to a traditional IRA or other retirement account. 

 

This will complete the rollover.

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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How can I enter a direct rollover from one tax deferred retirement plan to another tax deferred retirement plan?

When entering a code-G Form 1099-R that reports a direct rollover and you answer No to both questions regarding rollovers to Roth accounts, TurboTax automatically treat the distribution as having been rolled over to a traditional account, no need for other questions.

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