DIrect rollover to TRADITIONAL Ira

Forum|Forum|2 years ago
March 23, 2024
2 replies
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Turbotax asks if my withdrawal goes to a Roth IRA, but I see no option to say that it went to a TRADITIONAL Ira. How do I enter that?

Best answer by AnnetteB6

The default answer is that your rollover was deposited into a Traditional IRA if none of the other choices apply.

There is not a specific input for the Traditional IRA choice. Pay close attention to the information on the screen and it will tell you this on the last question about the type of account the money was rolled into.

AnnetteB6Answer

The default answer is that your rollover was deposited into a Traditional IRA if none of the other choices apply.

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jkuplinskyAuthor

Sorry to insist, but after I enter the info on the 1099R, the first screen is "Rollover to ... Roth" and the second "was this money ... to Roth", so nowhere had I a chance to enter that this was a rollover, and TTax gives the amount as a withdrawal, not a rollover. Thanks for your help.

dmertz

Employee

AnnetteB6 is correct. By answering No to both questions that ask about rollovers to Roth accounts, TurboTax then treats it as a nontaxable rollover to a traditional account without any need to ask additional questions.