turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jrblanker
New Member

My wife retired and recieved 1099-R including 401K funds and profit sharing $. It was paid by check and the total reinvested in a traditional IRA. I know I don't owe any taxes but wond how to enter the 1000-R on my reurn.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

My wife retired and recieved 1099-R including 401K funds and profit sharing $. It was paid by check and the total reinvested in a traditional IRA. I know I don't owe any taxes but wond how to enter the 1000-R on my reurn.

If you rolled it over to a traditional IRA within 60 days, then that is how you answer the questions in TurboTax after entering the 1099-R. If any tax was withheld at the time of the distribution, did you bring the total amount rolled into the IRA back up to the total distribution amount or did you only rollover the net amount after taxes? Be sure to make that distinction if necessary.

Use the search function to find where to enter the 1099-R. Type 1099-R in the search box and click on jump to 1099-R.

View solution in original post

1 Reply

My wife retired and recieved 1099-R including 401K funds and profit sharing $. It was paid by check and the total reinvested in a traditional IRA. I know I don't owe any taxes but wond how to enter the 1000-R on my reurn.

If you rolled it over to a traditional IRA within 60 days, then that is how you answer the questions in TurboTax after entering the 1099-R. If any tax was withheld at the time of the distribution, did you bring the total amount rolled into the IRA back up to the total distribution amount or did you only rollover the net amount after taxes? Be sure to make that distinction if necessary.

Use the search function to find where to enter the 1099-R. Type 1099-R in the search box and click on jump to 1099-R.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies