I did an 1099-R rollover of an Roth IRA where I received the funds and then deposited the funds in another bank. Where on form does it ask if the funds were rollover?

[DS30 · Accepted solution]

There will be no indication on the form.

Because you received a 1099-R, the IRS will also have received a copy of this 1099-R. You will need to report this 1099-R distribution on your tax return but none of it will be taxable. Just make sure that when you are reporting this information into TurboTax that for the question "What Did You Do With The Money From (your retirement fund)?", answer "I moved the money to another retirement account (or returned it to the same retirement account)" (see screenshot)

To enter 1099-R information in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "1099r" in the search bar then select "jump to 1099r". TurboTax will guide you in entering this information.

Please note that if this is a rollover of a traditional IRA to a ROTH IRA, this will be a taxable event.