How can I enter a non-taxable rollover on Turbotax?

[VolvoGirl]

Delete all the 1099R and re enter them.  Sounds to me like you have it in twice.  One showing it rolled over and one time not rollover.

[rgaylortx]

Have deleted 1099R and entered again, also deleted and downloaded from brokerage.

Always the same result. Why is 1040  4a blank when 1099R has full amount.

[VolvoGirl]

I'll page @dmertz 

[rgaylortx]

I believe the anwer in step by step says not taxable, the TT program is directing

info to the wrong boxes.

[dmertz]

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Step by Step says that it is not taxable.

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rgaylortx, this suggests that that the form 1099-R has code 2 in box 7 and TurboTax is simply telling you that the distribution is not subject to "additional taxes," referring to a 10% early-distribution penalty which is a type of excise tax, but I'm not sure if code 2 is really what you have.

If this distribution is instead a distribution that was intended to be an RMD and was reported with code 7, delete the Form 1099-R again, reenter it, indicate that none of the distribution was an RMD (the distribution ceased to be an RMD with the enactment of the CARES Act), then indicate the rollover.

[rgaylortx]

Box 7 has a 7 not a 2

[rgaylortx]

I showed that the distribution was not an RMD

Remember the step by step said not taxable, but placed

full amount in 1040 box 4b with 4a blank

[dan-z]

Under "what did you do with the money," the rolled-over option says "I rolled over all of this money to another traditional IRA or other retirement account."  This is what confused me since I am NOT putting it into another IRA, but into a traditional account. But your instructions worked, and TurboTax told me "You will not be taxed on...."

I greatly appreciate your help!

-dan z-

[rgaylortx]

I said I rolled all over into same IRA account

[rgaylortx]

What numbers should be in 1040 4a and 4b

[dmertz]

For a properly reported rollover of the entire amount, line 4a will include the amount from box 1 of the Form 1099-R and line 4b will include none of it.  The word ROLLOVER will appear next to the line.  If the word ROLLOVER is not present, it's not being reported as a rollover.

If you are using the CD/download version of TurboTax, make sure that you have allowed TurboTax to install the latest update.

If your tax return includes multiple 1099-R forms, it might help to delete them all and reenter all of them.

[rgaylortx]

I download the latest updates each time they are availble.

My 1040 line 4a is blank, 4b has 1099R box 2a which is full distribution

Rollover shows to left of 4b amount.

[rgaylortx]

This is only 1099R

[VolvoGirl]

What did you do with the amount in box 2a?  Did you roll over the whole amount including any withholding taken out?  To what?  Back into the same account or to another IRA Account?  Did you put it in a ROTH IRA?

I agree with a previous answer that Turbo Tax was telling you that you are not paying the Extra 10% Early Withdrawal Tax Penalty on it.  

[rgaylortx]

Not a roth

All rolled over included tax paid into same Traditional IRA

Box 7 has a 7