A roll over IRA has been entered. According to the online information, there should be a script to follow that would identify it as such.
You'll need to sign in or create an account to connect with an expert.
I have Windows Home & Business also. I can check. What code is in box 7? What is your age? Are you old enough to have a RMD requirement?
If it was within the 60 days, after you enter the 1099R it will ask what you did with it. Pick you moved the money to another account even if you put it back into the same account. Then that will expand and you pick I rolled over all this money. Then it will expand to enter how much you rolled over.
Did they take any withholding out of it? If they did you had to add it back in from your own money when you put it back or the withholding will become a distribution by itself.
If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.
You should eventually get to this screen. Did you keep going?
If the Form 1099-R has code G in box 7, TurboTax automatically treats it as a rollover.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gnest02
Level 1
alien1676
New Member
mpapadop
Level 1
7jobsuniquelyAmerican
New Member
vor17tex
Level 2