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March 5, 2025
Question

moved money from one ira company to another -return shows the income but not the deposit back where do i put that

  • March 5, 2025
  • 1 reply
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help

    1 reply

    DawnC
    Employee
    March 5, 2025

    That is all the return will show.   But look at the Form 1040, and you should see the amount of the income on Line 4a or 5a, but you should see the word ROLLOVER and zero on the corresponding line 4b or 5b (taxable amount).   If your Form 1040 shows the amount on the taxable column, you will need to re-enter the 1099-R.  

     

    Delete the form and re-enter it, making sure to answer the follow-up questions.  The follow-up questions will ask what you did with the money.  A rollover to the same kind of plan won't be taxable.  

     

    How to delete forms in TurboTax Online  or   How to delete forms in TurboTax Desktop

     

    Where do I enter a 1099-R?

     

    Preview Form 1040 in TurboTax Online.

     

    Use Forms Mode if you are using the desktop software.

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