I received 1099R with code 1 but I rolled it over right away. What do I do

[munirshamieh]

I received wrong code on my 1099R code 1 . I did roll my distribution ,how I correct this so it want be taxable?

[IreneS]

You can indicate in the screens following the 1099-R entry screen that you rolled over the funds.

1. After the 1099-R entry screen, you will see a screen What Did You Do With The Money From IRA?   Mark the button that you moved the money to another retirement account. 
2. In the section, Choose which of the following applies:

• If you put back the entire $15,000 (which includes the amount of withholding), choose the first option -- "rolled over all of this money to another traditional IRA or other retirement account (or returned it to the same account)."
  
• If you put back the net amount your received ($15,000 minus the withholding), select the third option-- "did a combination of rolling over, converting, or cashing out the money."  [You will be asked how much of the distribution was rolled over.  
• If you indicated that you put pack the entire amount, TurboTax will confirm the actual amount that you put back-- How Much Money Did You Actually Deposit?       

4.  If you indicated that you did not put back the withholding, on the next screen, Report Partial Rollover, enter the net amount you put back.  [If you don't put anything in this box, TurboTax will tax the entire distribution.]