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My wife retired and recieved 1099-R including 401K funds and profit sharing $. It was paid by check and the total reinvested in a traditional IRA. I know I don't owe any taxes but wond how to enter the 1000-R on my reurn.

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Deluxe Online

Best answer by Texas Roger

If you rolled it over to a traditional IRA within 60 days, then that is how you answer the questions in TurboTax after entering the 1099-R. If any tax was withheld at the time of the distribution, did you bring the total amount rolled into the IRA back up to the total distribution amount or did you only rollover the net amount after taxes? Be sure to make that distinction if necessary.

Use the search function to find where to enter the 1099-R. Type 1099-R in the search box and click on jump to 1099-R.

T

Texas RogerAnswer

Employee

If you rolled it over to a traditional IRA within 60 days, then that is how you answer the questions in TurboTax after entering the 1099-R. If any tax was withheld at the time of the distribution, did you bring the total amount rolled into the IRA back up to the total distribution amount or did you only rollover the net amount after taxes? Be sure to make that distinction if necessary.

Use the search function to find where to enter the 1099-R. Type 1099-R in the search box and click on jump to 1099-R.