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Retirement distribution rolled into traditional IRA - how to enter

Help, please -

I took money from a traditional retirement account (when I retired) and used it to fund a traditional IRA.  I correctly entered the 1099-Rs (three of them) under "Income".  Two 1099-Rs show zero taxable income and type "G" (rollover".

But under "Deductions", when it asks about do I own an IRA, I say "yes" and then enter my contributions.  TurboTax says "OK, but that's excess contributions.... you'll pay 6% penalty each year".

What method/entries do I do to correctly show how that money rolled into a new IRA?

TIA -

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1 Reply

Retirement distribution rolled into traditional IRA - how to enter

You don't enter Rollovers under Deductions as new Contributions.  That is only for actual new money you put in on your own.  The code G tells it that it is a direct rollover and not taxable.  If you have another code you keep going and answer the follow up questions in the 1099R section.  

 

So delete them from deductions.

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