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Returning Member
posted Feb 12, 2020 1:37:49 PM

401k rollover to Traditional IRA

I mistakenly received two RMD's as normal distributions in 2019  I rolled the second RMD into a traditional IRA within 60 days.  How do I enter into Turbo Tax so that the second RMD distribution in not included in my AGI?

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3 Replies
Expert Alumni
Feb 12, 2020 1:58:16 PM

When entering your second form 1099-R, you can indicate in the interview which follows that you rolled over the amount into a Traditional IRA (see screenshot).

 

 

Returning Member
Feb 12, 2020 5:07:45 PM

I received only one 1099-R for the total of the two RMD distributions. 

Level 15
Feb 12, 2020 5:13:14 PM

The use the "I did a combination of things" box.   Enter the amount rolled over in the top box and leave the other blank.