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tconway1
New Member

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
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2 Replies

Received a 401K distribution and put 100% in an IRA within a month. Where do I enter that transaction in the turbotax program?

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

Received a 401K distribution and put 100% in an IRA within a month. Where do I enter that transaction in the turbotax program?

Please follow these steps to enter your 1099-R and rollover:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R” and enter your 1099-R
  4. 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)"
  5. Continue answering the questions.
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