Hi! Thank you for the information! I’ve already received the 1099 R from my old IRA provider. Do you mean that I need to reach out to them after I do the IRA rollover and they will issue another corrected 1099R to show it’s a rollover rather than an withdrawal, so that I don’t get taxed on the full amount of this “withdrawal/rollover”?
If the funds were not transferred directly between IRA custodian's without ever having been paid to you personally, the From 1099-R is correct. Enter the Form 1099-R as received, indicate that you moved the money to another retirement account, then indicate the amount rolled over. TurboTax will exclude from your taxable income the amount rolled over.
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