I have a qualified pension that was rolled over to a Roth as a lump sum. Turbotax tells me I have exceeded Roth limits for a contribution. I spoke to IRS and they tell me I need to enter it as a rollover, not a contribution. I cannot find a way to enter 1099R without the 6% penalty for exceeding Roth. Any help is appreciated.
You'll need to sign in or create an account to connect with an expert.
Only enter the 1099-R do not enter anything in the Deduction & Credit sections under Roth contributions.
To enter your 1099-R:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
housemocha
New Member
trainboy2
New Member
User2698470
Level 3
JHtaxpayer
Level 2
paul-j-heckman
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.