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New Member
posted Feb 16, 2025 3:38:32 PM

Roll over IRA - system does not respond as noted. No script asking if it is a rollover

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. 

 

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3 Replies
Level 15
Feb 16, 2025 3:51:13 PM

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.

 

 

Level 15
Feb 16, 2025 4:01:10 PM

You should eventually get to this screen.  Did you keep going?

 

Level 15
Feb 16, 2025 8:14:24 PM

If the Form 1099-R has code G in box 7, TurboTax automatically treats it as a rollover.