Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 2, 2025 6:41:08 PM

Why is TT taxing me on my 1099-Q qualified trustee-to-trustee transfer?

0 1 575
1 Replies
Expert Alumni
Feb 3, 2025 11:46:59 AM

A nontaxable transaction should not be entered.  IRS Publication 970, Tax Benefits for Education states:

Page 45: Don't report tax-free distributions (including qualifying rollovers) on your tax return.

Please remove the form and keep it with your tax files.