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Why did my tax return reduce after I rolled over a roth Ira to a roth ira

 
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1 Reply
SusanY1
Expert Alumni

Why did my tax return reduce after I rolled over a roth Ira to a roth ira

If the rollover was an indirect rollover and the code on your Form 1099-R doesn't automatically reflect that it was a rollover, it is likely because TurboTax hasn't yet asked you the follow-up questions that will remove it from your taxable income.

 

TurboTax doesn't ask those at the entry of each 1099-R, but instead once the entire retirement income section has concluded so it can also check for any other exceptions to taxes and penalties. 

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