topic Re: 1099R in Get your taxes done using TurboTax

1099R

Casper79 — Tue, 04 Mar 2025 02:07:52 GMT

Received 1099R for an IRA that was rolled over. How do I enter the rollover in TurboTax?

Re: 1099R

MindyB — Tue, 04 Mar 2025 02:09:10 GMT

‌Here are the steps to indicate the rollover in TurboTax Online:

Navigate to Federal > Wages & Income > IRA, 401(k), Pension Plan Withdrawals (1099-R) Add/Edit
Enter the information from the 1099-R, continue through the interview questions.
You will come to a screen that says "Tell us if you moved the money through a rollover or conversion." Select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
- Please note, if the 1099-R has code G in box 7 the follow-up questions will be different. In this
  case, say “No” to "Did you move this money from a 401(k) to a Roth 401(k)?" and "Did you move the money to a Roth IRA?" to indicate a rollover.
On the next screen, indicate you rolled over the entire amount to another retirement account.

Re: 1099R

Casper79 — Tue, 04 Mar 2025 02:25:24 GMT

Thank you! I never got to that question. I was answering questions regarding the fact that this was inherited so it never got to the prompt for me to report that it was rolled over. And, yes, I did receive a RMD on a separate 1099-R and that is correctly included in my income.