ira

Chattyme — Sun, 15 Feb 2026 16:13:14 GMT

Please give me the steps to complete.

If I withdraw my ira completely but roll a certain amount into another ira, how do I report both how much I rolled and how much I kept? Obviously the part I kept will be taxed but how do I make sure the entire withdrawal will not be taxed?

Re: ira

AnnetteB6 — Sun, 15 Feb 2026 16:33:30 GMT

After you have entered the Form 1099-R for your distribution, there will be a series of follow-up questions including one that asks what you did with the money from the distribution.

The screen will be titled Tell us if you moved the money through a rollover or conversion. Select the first option that says I rolled over some or all of it to an IRA or other retirement account within the time limits.

Then the next screen will ask if you rolled over all of the money to another retirement account. On this screen, choose No, I rolled over less than xxx. This will then open a box where you can enter the amount that was rolled over. Any remaining amount will be assumed to be cashed out and taxable on your return.

Check lines 4a and 4b on Form 1040 for confirmation that only a portion of the distribution is taxable.

topic ira in Deductions & credits

ira

Re: ira