Yes. This is either a direct, custodian-to-custodian rollover (where you don't touch the money) or an indirect rollover (where you receive the funds and transfer the money to a new IRA within 60 days).
Both of these need to be reported (especially the latter) and should have been reported to you in a 1099-R. TurboTax can handle both easily, but you should contact the IRA custodian for a duplicate 1099-R.
There's one other possibility: If you changed your holdings within the same IRA, nothing needs to be done. If you switched from one stock, mutual funds or CD to something else, this is not a reportable event.
Only when the monies are distributed from the IRA (either to yourself or another IRA) do you need to report this as part of your tax return.
If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.
Yes. This is either a direct, custodian-to-custodian rollover (where you don't touch the money) or an indirect rollover (where you receive the funds and transfer the money to a new IRA within 60 days).
Both of these need to be reported (especially the latter) and should have been reported to you in a 1099-R. TurboTax can handle both easily, but you should contact the IRA custodian for a duplicate 1099-R.
There's one other possibility: If you changed your holdings within the same IRA, nothing needs to be done. If you switched from one stock, mutual funds or CD to something else, this is not a reportable event.
Only when the monies are distributed from the IRA (either to yourself or another IRA) do you need to report this as part of your tax return.
If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.