Where do I enter the funds I rolled over into a qualified traditional IRA annuity from my 401k and pension?

[HelenC1 · Accepted solution]

Enter your 1099-R exactly as reported. 

   1. Open (continue) return if you don't already have it open.

   2. Inside TurboTax, search for 1099-R and select the Jump to link in the search results.

   3. Answer Yes on the Your 1099-R screen, then select Continue.

• If you land on the Your 1099-R Entries screen instead, select Add Another 1099-R.

   4. Select how you want to enter your 1099-R (import or type it in yourself). You can add up to 20 1099-Rs.

   5. Continue with the onscreen interview until you get to the What Did You Do With The Money From This Payer? screen, select the appropriate response.

   6. If you select I rolled over all of this money to another IRA...., your IRA will not be taxed.

If you choose not to use the "Jump to" feature:

1. Log on to TurboTax.
2. Click on the Take me to my return button.
3. On the left navigation bar, click on Federal.
4. Click on the Wages & Income tab.
5. Edit/Add the 1099-R.
6. Continue with the onscreen interview until you get to the What Did You Do With The Money From This Payer? screen, select the appropriate response.
7. If you select I rolled over all of this money to another IRA...., your IRA will not be taxed.

Related information:

• What are Traditional IRA to Roth IRA conversions?
• What's the difference between a Traditional IRA and a Roth?

[Edited 3-11-2020|12:56 pm PST]

[hudcrab]

What Did You Do With The Money From This Payer? screen does not show.  It doesn't give the opportunity to say that the money was rolled into an IRA annuity

[dmertz]

hudcrab, you probably did a direct rollover, reported with code G automatically indicates a rollover.  Just indicate that you did not roll it over to any type of Roth account.

However, if you received a code 4 Form 1099-R reporting a distribution from a 401(k) inherited as a non-spouse beneficiary, this distribution was not eligible for rollover.  A 401(k) inherited by a non-spouse beneficiary can only be moved to an IRA by direct rollover, reported with codes 4 and G together.