I received a 1099-R but rolled it over into an IRA within 60 days. Do I still complete the 1099 R?

JohnandJulie — Thu, 06 Jun 2019 05:54:38 GMT

I set up a Direct Rollover of my former employer's 401K into my traditional IRA. There was $115 of interest that had been accrued, but not paid when it was rolled over. Later, I received a check for the $115 and deposited it at the institution holding my IRA. I was within the 60 day period. I received a 1099-R from my old 401-k with the early distribution. I suppose I need to record the 1099-R but where do I show I rolled it over in my IRA?

If you have a code G in Box 7 of your Form 1099-R, just m...

LeeM — Thu, 06 Jun 2019 05:54:40 GMT

If you have a code G in Box 7 of your Form 1099-R, just make sure you enter that code when you enter that 1099-R. That will show that it rolled-over to another 401-K.

If not, you will need to enter that information later as you continue through the questions in TurboTax after entering that Form 1099-R.

topic I received a 1099-R but rolled it over into an IRA within 60 days. Do I still complete the 1099 R? in Retirement tax questions

I received a 1099-R but rolled it over into an IRA within 60 days. Do I still complete the 1099 R?

If you have a code G in Box 7 of your Form 1099-R, just m...