topic Re: 1099-R in Tax help for military filers

1099-R

gijeff58 — Sun, 02 Feb 2020 17:16:59 GMT

Why does Turbo Tax ask what I did with my money from my military retirement (1099-R) when its just deposited into my checking account?

Re: 1099-R

AnnetteB6 — Sun, 02 Feb 2020 17:33:07 GMT

The purpose of that question is to be sure that you did not rollover the distribution into another retirement plan. If that was the case, then there would be more follow-up questions related to a rollover.

If you just deposited the money into your checking account, then just choose that you 'did something else' with it and move forward.

Re: 1099-R

Mng — Mon, 03 Feb 2020 15:46:50 GMT

IF it is a direct rollover, then it's not taxable...therefore why does Turbo Tax need to ask the zip code of the new retirement plan?

Re: 1099-R

Mng — Mon, 03 Feb 2020 15:49:49 GMT

Also, it was a direct rollover to another retirement plan, the questions asked are not provided on the 1099-R - which only provides Payer's name.

Re: 1099-R

CatinaT1 — Mon, 03 Feb 2020 18:17:18 GMT

If it was a direct rollover, there should be a code G in box 7 of your 1099R.