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How do I enter my lump sum retirement benefit 1099 into my IRA so it isn't shown as income?

my company offered you the option of a larger cash payment instead of taking it as monthly annuity payments.
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2 Replies

How do I enter my lump sum retirement benefit 1099 into my IRA so it isn't shown as income?

Did you roll it over within 60 days to a Traditional (not Roth) IRA?  After you enter the 1099-R in Federal > Wages and Income > Retirement, there are questions that cover this.  The TT Income Summary will show just the gross amount, but that is only FYI.  Both the gross and (0) taxable figures will be listed on your actual tax return, along with the word Rollover.

How do I enter my lump sum retirement benefit 1099 into my IRA so it isn't shown as income?

yes to traditional IRA-- but the questions are for roth- so I'm answering no--- it is still showing as some income. How can I check more???

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