I withdrew the entire IRA from one bank and within the month deposited in another IRA. My form 1099R from the withdrawal shows code 7, entirely taxable. I cannot find in turbo tax anywhere to tell it that it was a rollover. A search in help says I will be asked how I used the money, but I never get such a question.
You'll need to sign in or create an account to connect with an expert.
After you enter your 1099-R you will be asked "What did you do with the money from this payer?" See the screenshot below. If you check you moved it to another retirement account, you'll see a drop down, and you can enter that you rolled all of it over.
Go through the 1099-R section again and see the screens. If you don't see it, delete your 1099-R and re-enter it, and keep going past the questions that follow until you see that screen.
After you enter your 1099-R you will be asked "What did you do with the money from this payer?" See the screenshot below. If you check you moved it to another retirement account, you'll see a drop down, and you can enter that you rolled all of it over.
Go through the 1099-R section again and see the screens. If you don't see it, delete your 1099-R and re-enter it, and keep going past the questions that follow until you see that screen.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
vfuga
New Member
mpbarbour0715
New Member
dequanthurman2014
New Member
lucia-stewart
New Member
tanasiajeter1
New Member