I got a 1099-R code U. When I enter the info, it asks what I did with the money. Moved it/returned it to account or did something else with it (cashed it out etc). I didn't do anything with the money. I never saw it. it's dividend distribution from ESOP. It then asks if all of it was rolled over or part of it (code U says is not eligible for rollover) How do I enter this information? And how do I answer the questions turbotax asks? I'm stuck. Please help!
Since it's not eligible for rollover, the only correct answer is that you did something else with it. For a code U distribution, TurboTax will treat it as cashed out no matter how you answer the question and will flag an error if you indicate that you rolled it over. (Why TurboTax bothers to ask the question is a mystery.)
Where is the ESOP dividend money now?
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