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

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

Late rollover reinvested

we were over the 60 day late. For filing our 401(k) however we did submit the paperwork and they did accept the rollover. What do I do with a 1099R do I report it how do I proceed with my taxes?

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 Reply

Late rollover reinvested

If you have a 1099-R for a 401k withdrawal (distribution), and you rolled it over into another qualified plan (like an IRA), then you indicate in Turbotax that it was a rollover.  Enter the 1099-R and keep going (click "next" or whatever) -- don't skip out -- and there will eventually be a question about "What did you do with the money" and one of the choices will be a rollover.  Turbotax doesn't need to know that the rollover was after 60 days as long as you self-certified to the plan that you met one of the exceptions and the plan accepted it.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question