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 -