I am already retired so I know that I cannot take this deduction, however I should not have to pay taxes or pay a penalty on this contribution.
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Enter the 2018 Form 1099-R under Wages & Income -> Retirement and Social Security -> IRA, 401(k), Pension plan withdrawals (1099-R) and in the follow-up indicate the you moved the money to another retirement account and that you rolled over all of the money. TurboTax will include the entire $2,300 on Form 1040 line 4a but will exclude it from the amount on line 4b. TurboTax will also include the word ROLLOVER next to the line.
Enter the 2018 Form 1099-R under Wages & Income -> Retirement and Social Security -> IRA, 401(k), Pension plan withdrawals (1099-R) and in the follow-up indicate the you moved the money to another retirement account and that you rolled over all of the money. TurboTax will include the entire $2,300 on Form 1040 line 4a but will exclude it from the amount on line 4b. TurboTax will also include the word ROLLOVER next to the line.
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