Can you tell me where I can enter my IRA rollover in TurboTax?

Forum|Forum|11 months ago
April 15, 2025
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TurboTax Live Deluxe Online

rjs

Employee

You should have gotten a Form 1099-R for the distribution from the old IRA. You just enter it in TurboTax like any other 1099-R, and proceed through the questions. If the 1099-R does not show that it was a rollover, after you enter the 1099-R TurboTax will ask you if you rolled it over.

If you did a direct trustee-to-trustee transfer (which technically is not a rollover) they might not have issued a 1099-R. In that case you do not have to enter the rollover on your tax return.

arjordan99

Sorry but your answer is confusing to me.

Got a 1099-R from MS which included a $50K amount I had distributed to myself. I sent it back to MS in less than 60 days but the original

1099-R does not reflect the "repayment". The question is where in TT do I enter the $50K repayment.

rjs

Employee

@arjordan99

A 60-day rollover is never shown on the 1099-R. After you enter the 1099-R in TurboTax, proceed through the subsequent questions. It will ask you what you did with the money. If you answer that you returned some or all of the money to the same retirement account, you will be able to either indicate that you rolled over the entire distribution, or enter the amount that you rolled over.