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magarian
New Member

Where do I enter 403(b) rollover to traditional IRA; options in "1099-R Entries" are to Roth 401k, 403b, IRA only, not Traditional IRA

Yes, I see now we made the wrong choice to make 2016 and expected future contributions to an IRA rather than a Roth.  I didn't consider the income limits for either IRA or Roth contributions.   I'm not sure we will have future incomes above the $118k limit for IRA contributions.  I guess we should open a Roth so in the future we will have that option available.
Thank you for your clarifications.

Where do I enter 403(b) rollover to traditional IRA; options in "1099-R Entries" are to Roth 401k, 403b, IRA only, not Traditional IRA

Again, lots of confusion because the software will not handle the rollover to simple IRA correctly.  So.. you get an erroneous number in AGI. Why not fix the software instead of all this bs every year?
dmertz
Level 15

Where do I enter 403(b) rollover to traditional IRA; options in "1099-R Entries" are to Roth 401k, 403b, IRA only, not Traditional IRA

There is no real bug in the software with regard to this.  The issue comes in when the payer does not properly show a zero in box 2a when box 2b Taxable amount not determined is not marked.  If the Form 1099-R properly shows a zero in box 2a for a rollover from a qualified retirement plan like a 403(b) to a traditional IRA, TurboTax does not include the rollover in taxable income and it does not add to AGI.
NKC00mbs
New Member

Where do I enter 403(b) rollover to traditional IRA; options in "1099-R Entries" are to Roth 401k, 403b, IRA only, not Traditional IRA

This is NOT WORKING

 

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