Question

IRA rollover

Forum|Forum|6 years ago
March 19, 2020
1 reply
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I rolled over a IRA in 2019. The bank sent me my total money and sent me a 1099R form for the full amount. I deposited that total amount in another bank within the 60 day period. I had to report the full amount as a 1099R distribution but how do I report it on my income tax form (using Turbo tax) that I rolled the money over to another financial institution?

IRA

M

MinhT1

When you enter your form 1099-R, in TurboTax, there is an interview which follows.

You will arrive at a screen asking you: What did you do with the money? You should check the box saying that you rolled over all of this money to a Traditional IRA (see screenshot).