topic How does turbotax determine the taxable amount of my IRA distribution that is a rollover? in Retirement tax questions

How does turbotax determine the taxable amount of my IRA distribution that is a rollover?

dongray5555 — Fri, 26 Jul 2019 19:15:12 GMT

Re: How does turbotax determine the taxable amount of my IRA distribution that is a rollover?

macuser_22 — Fri, 26 Jul 2019 19:40:51 GMT

A rollover from a before tax account to another before tax account is not taxable. That would be determined either by the 1099-R box 7 code or your telling TurboTax in the interview that it was rolled over.

Do you have a specific question?

Re: How does turbotax determine the taxable amount of my IRA distribution that is a rollover?

VolvoGirl — Fri, 26 Jul 2019 19:48:16 GMT

If you took a distribution from a IRA that was rolled over from a 401K it is probably 100% taxable. Unless you have a basis in the IRA or 401K or it is a ROTH account. The taxable amount is based on your answers to the questions. Did you get a 1099R? What code is in box 7?

Re: How does turbotax determine the taxable amount of my IRA distribution that is a rollover?

macuser_22 — Fri, 26 Jul 2019 21:08:21 GMT

I read the question that it was the distribution that was rolled over, not that it was a distribution from a previous rollover.

Perhaps the poster can clarity exactally what is being asked.