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New Member
posted Dec 31, 2022 8:54:47 AM

If i do an ira rollover, how do i do that

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2 Replies
Level 15
Dec 31, 2022 9:32:03 AM

Talk to the financial institution that has your IRA. 

Level 15
Dec 31, 2022 9:34:16 AM

Do you want to know how to enter it in Turbo Tax?  In January you will get a 1099R for it.  

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

There are 4 boxes.  Be sure to pick the right box for the kind of 1099R you got.

 

If you are filing a Joint return be sure to pick which person it is for.

 

Don't enter the bank or broker name and don't try to import it.  It is just as fast and easy to manually enter it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself