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February 18, 2024
Question

I rolled money over from a former employer 401k to an IRA. There is no box to check for this. What do I do?

  • February 18, 2024
  • 1 reply
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I rolled the money over into an IRA, not a Roth IRA but, there isn't a box to check for this what do I do?

1 reply

February 18, 2024

You'll indicate that you rollover to a Traditional IRA in the follow-up interview after you have entered your Form 1099-R.

 

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. Locate the section Retirement Plans and Social Security and click on the arrow on the right
  4. Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
  5. Enter your form 1099-R and follow the interview
  6. 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)
  7. Answer the questions that follow.
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