Question

Deductions and credits - retirement income result

Forum|Forum|7 years ago
June 3, 2019
1 reply
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When I wrap up my deductions and credits the Retirement Income Results comes up and it says I have $0 in Traditional and Roth IRA distributions and $13,000 in Pension and annuity distributions. I feel like this is backwards because that is the amount I have in IRAs that I rolled over this year. I do not have any pension or annuity.

Do I need to do anything?

TurboTax Deluxe Online

SteamTrain

Employee

Could be a display issue....

BUT....You need to Go back and EDIT those 1099-R forms

.....any IRA-type distributions have a checkbox near boxes 7 and 8 on the software form, that says "IRA/SEP/SIMPLE". That box must be checked if it is either IRA-type.

(and...just to be clear, the box is not checked for a 401k, 457 or 403b distribution...because those are not IRAs)

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*