You'll need to sign in or create an account to connect with an expert.
It appears from your question that the funds were either returned to the same IRA or moved to another Traditional IRA, and that this was done within 60 days. If that is correct, the rollover would be non-taxable.
Enter the 1099-R information exactly as it appears on the form. If a box
is blank - leave it blank - please do not enter zero. Be sure you enter
the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is
checked on the form. If box 2a says "Unknown" - leave it BLANK - the
taxable amount will be calculated based on your answers to the follow-up
questions.
As this was an IRA partial rollover, answer the
question that "(Name) moved the money to another retirement account ..." (can be
the same account). Next, select the answer, "(Name) did a combination of rolling over, converting, or cashing out the money."
In the next question, enter the amount of rollover.
It appears from your question that the funds were either returned to the same IRA or moved to another Traditional IRA, and that this was done within 60 days. If that is correct, the rollover would be non-taxable.
Enter the 1099-R information exactly as it appears on the form. If a box
is blank - leave it blank - please do not enter zero. Be sure you enter
the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is
checked on the form. If box 2a says "Unknown" - leave it BLANK - the
taxable amount will be calculated based on your answers to the follow-up
questions.
As this was an IRA partial rollover, answer the
question that "(Name) moved the money to another retirement account ..." (can be
the same account). Next, select the answer, "(Name) did a combination of rolling over, converting, or cashing out the money."
In the next question, enter the amount of rollover.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MojoMom777
Level 3
kiks_722
Level 1
AlanH
Returning Member
user41124
New Member
leojbourne
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.