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February 26, 2025
Question

How do I report a traditional IRA Roleover? I entered the 1099-R from the payer institution, but can't find how to enter the corresponding contribution.

  • February 26, 2025
  • 1 reply
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The payment was rolled-over to an existing Trad IRA.

    1 reply

    February 26, 2025

    In TurboTax, you have to indicate that the rollover was to a Traditional IRA. The rollover is not taxable.

     

    In TurboTax Online, enter your form 1099-R by following these steps:

     

    1. Open your tax return
    2. Click on Federal in the left-hand column, then on Wages & Income
    3. Navigate to the list of income categories
    4. Locate the section Retirement Plans and Social Security and click on the arrow on the right
    5. Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
    6. Enter your form 1099-R and follow the interview
    7. When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
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