topic Re: Roll over in Retirement tax questions

Roll over

Olamide1204 — Thu, 06 Feb 2020 19:50:19 GMT

Do i need to report a roll over in the federal filing even when it is non taxable?

Re: Roll over

MinhT1 — Thu, 06 Feb 2020 20:06:38 GMT

Yes, you have to enter the form 1099-R in your tax return even for a non taxable rollover.

The IRS has a copy of the 1099-R and may write to you if it is missing from your return.

When you enter your form 1099-R, fill out box 7 correctly and answer all questions in the TurboTax interview. TurboTax will exclude the rollover from taxation.

Re: Roll over

james clark — Mon, 02 Mar 2020 17:16:38 GMT

i rolled over 2018 rental write off and could not use it until cabin was rented, which happened thanksgiving and christmas, so the amount should have carried over I would think to this years turbo tax. i cant find it and need copy of 2018 taxes i did through turbo tax last year to verify amount? how can I get that form or copy of last years or why isnt frm ith amount carrying over?

Re: Roll over

ColeenD3 — Mon, 02 Mar 2020 17:23:16 GMT

What do you mean you rolled over a rental write-off? You had expenses you could not take because you had not placed the rental in service yet? These expenses are not deductible. If you had a renovation, that would be added to the basis. If you showed a loss on Form 8582, that is where you would find the loss.

You would have needed to keep a paper copy or uploaded a pdf copy of your return to find this figure.

Re: Roll over

james clark — Mon, 02 Mar 2020 23:59:56 GMT

thank you for correecting my words to get the exact form. yes it was listed as loss for all the investment vesus the short rental period.. I have copies of 15,16,17 but for some reason didnt copy 18. can turbo taxsend me this year knowing I paid for it? My 2019 taxes are done except that form 8582 total form 2018....Thanks Colleen

Re: Roll over

GiseleD — Tue, 03 Mar 2020 21:22:53 GMT

If you filed in TurboTax Online last year, here's the original article on how to print 2018, or you can read below:

Before starting, make sure you're using the same TurboTax account (with the same username) as previous years.

You'll get access to your prior year returns through Your tax returns & documents in Tax Home.

@james clark

Re: Roll over

james clark — Wed, 04 Mar 2020 00:29:59 GMT

im sorry but when I do that it asked for " upload" which of course clicking just sits there because Im not uploading anything... thanks... My taxes are done for 2019 and this is first year i have an airbnb to write off that form 8582 that i sent last year to keep records straight need badly... thanks

Re: Roll over

james clark — Wed, 04 Mar 2020 01:22:10 GMT

you've been great and after everything I found my 2018 disk but could not find the investment property write off carry over to this year. what form would that be 8582?

Re: Roll over

MayaD — Wed, 04 Mar 2020 17:47:51 GMT

Yes, the carry over losses are shown on IRS Form 8582.

Re: Roll over

james clark — Mon, 09 Mar 2020 17:18:00 GMT

THANKS!!