Received a 401K distribution and put 100% in an IRA within a month. Where do I enter that transaction
in the turbotax program?
I don't know how to add the information
021510
2 Replies
Bsch4477
Level 15
Apr 1, 2024 9:06:08 AM
When you enter your 1099-R for your distribution you will be asked what you did with the money. Report that you rolled it over.
DanaB27
Expert Alumni
Apr 8, 2024 9:23:06 AM
Please follow these steps to enter your 1099-R and rollover:
Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"