What code is in box 7.
What is in box 2a?
Is the IRA/SEP/SIMPLE box checked?
Did you it in the 1099-R section and say you "moved: the money, then did a combination if things and entered the amount converted into the lower box?
Thanks Champ for the follow-up. Here is the info:
Box 7 = 2
Box 2a = equal to box 1 (don't want to give an exact amount as that should not matter)
Ira/Sep/Simple = checked
I don't follow your question regarding "moved:". I use the desktop version of TurboTax and am not sure what you are referring to. I answered the question that I moved it to another retirement account and move all the money. Once I entered the 1099-R, turbotax said I would not be taxed on it. When I answered the questions that I oved the entire amount TT again said I owed no taxes on it.
@Confusedreturn wrote:
Thanks Champ for the follow-up. Here is the info:
Box 7 = 2
Box 2a = equal to box 1 (don't want to give an exact amount as that should not matter)
Ira/Sep/Simple = checked
I don't follow your question regarding "moved:". I use the desktop version of TurboTax and am not sure what you are referring to. I answered the question that I moved it to another retirement account and move all the money. Once I entered the 1099-R, turbotax said I would not be taxed on it. When I answered the questions that I oved the entire amount TT again said I owed no taxes on it.
Did you enter it this way?
The short answer is no, I did not do it that way. I have a value of 2 for Box 7 and never got the screens you listed.