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

1099-R Rollover Issue

QuarryBank — Tue, 08 Apr 2025 12:03:14 GMT

Have a 1099-R: a Traditional IRA reached maturity. Box 7's distribution code is 7 (normal distribution). I was issued a bank cheque for the full amount, which I used six days later to rollover with another bank to a Traditional IRA. My TurboTax Deluxe (Desktop Windows version) treats the 1099-R box 1 gross distribution as taxable. TurboTax did not offer a prompt to state that I rolled over the gross distribution amount. Is there an option to indicate it was a rollover?

Re: 1099-R Rollover Issue

MinhT1 — Mon, 07 Apr 2025 21:22:26 GMT

There is such a question in the interview which follows the ntry of your form 1099-R.

In TurboTax Online, enter your form 1099-R by following these steps:

Open your tax return
Click on Federal in the left-hand column, then on Wages & Income
Navigate to the list of income categories
Locate the section Retirement Plans and Social Security and click on the arrow on the right
Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
Enter your form 1099-R and follow the interview
When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

Re: 1099-R Rollover Issue

QuarryBank — Mon, 07 Apr 2025 23:43:02 GMT

Thank you for the speedy reply. I neglected to mention that I am working with the Desktop Deluxe version. I will follow the steps you cited.