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Can I file a different IRA withdrawal amount showing on a 1099R which includes a 50K rollover to an IRA annuity?

Forum|Forum|7 years ago
June 5, 2019
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I had the 50K transferred to my checking account then sent a check to the annuity. It was a phone request and I stipulated the rollover but it shows on my 1099R as income.

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Best answer by BillM223

After you enter the original 1099-R, you will be asked what you did with the money. If you rolled it over to the IRA (even part of it) within 60 days, then on the screen (this is several screens later) entitled "What did you do with the money from [name of fund]?", you will answer "[name] moved the money to another retirement account (or returned it to the same account)".

When you do that, three more lines will appear asking what you did with it. If you answer "did a combination of rolling over, converting, or cashing out the money", more lines will appear to allow you to indicate how much money you did what to.

B

BillM223Answer

After you enter the original 1099-R, you will be asked what you did with the money. If you rolled it over to the IRA (even part of it) within 60 days, then on the screen (this is several screens later) entitled "What did you do with the money from [name of fund]?", you will answer "[name] moved the money to another retirement account (or returned it to the same account)".

When you do that, three more lines will appear asking what you did with it. If you answer "did a combination of rolling over, converting, or cashing out the money", more lines will appear to allow you to indicate how much money you did what to.

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