1099-R

3 replies
29 views

Entered my 1099-R's into turbotax ... they are all appearing as 2021 income, which I assume should not be the case as they are simply roll-overs from one IRA to another ... how can I resolve this?

VolvoGirlAnswer

Level 15

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right.

If you rolled it over it should say Rollover to the left of the taxable amount on 4b or 5b.

Kat11_2

Alumni - Champ

Did your 1099s have the code "G" in Box 7?

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

VolvoGirlAnswer

Level 15

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right.

If you rolled it over it should say Rollover to the left of the taxable amount on 4b or 5b.

bucko23Author

Level 2

Thanks so much for your helpful response ... Yes, I was advised by Turbo Tax CPA to check out the Forms view ... it verified that they were listed as non-taxable roll-overs