Roll over

Forum|Forum|6 years ago
February 6, 2020
1 reply
9 views

Do i need to report a roll over in the federal filing even when it is non taxable?

MinhT1

Level 15

Yes, you have to enter the form 1099-R in your tax return even for a non taxable rollover.

The IRS has a copy of the 1099-R and may write to you if it is missing from your return.

When you enter your form 1099-R, fill out box 7 correctly and answer all questions in the TurboTax interview. TurboTax will exclude the rollover from taxation.

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james clark11

Level 2

i rolled over 2018 rental write off and could not use it until cabin was rented, which happened thanksgiving and christmas, so the amount should have carried over I would think to this years turbo tax. i cant find it and need copy of 2018 taxes i did through turbo tax last year to verify amount? how can I get that form or copy of last years or why isnt frm ith amount carrying over?

james clark11

Level 2

What do you mean you rolled over a rental write-off? You had expenses you could not take because you had not placed the rental in service yet? These expenses are not deductible. If you had a renovation, that would be added to the basis. If you showed a loss on Form 8582, that is where you would find the loss.

You would have needed to keep a paper copy or uploaded a pdf copy of your return to find this figure.

thank you for correecting my words to get the exact form. yes it was listed as loss for all the investment vesus the short rental period.. I have copies of 15,16,17 but for some reason didnt copy 18. can turbo taxsend me this year knowing I paid for it? My 2019 taxes are done except that form 8582 total form 2018....Thanks Colleen