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Question

TT Deluxe - 60 Day IRA Rollover Entry

Forum|Forum|1 year ago
March 19, 2025
1 reply
0 views

Hi,

1099-R Reports the Gross Distributions, as correct, and a portion was timely returned. I do not see an entry screen that asks whether any of the gross distributions were returned. Any help would be appreciated. I saw many other posts that screen shot this scenario, yet my software does not have it in the step-by-step process,

This is how to report a partial rollover in TurboTax Online.

Open your tax return
Click on Federal in the left-hand column, then on Wages & Income
Navigate to the list of income categories
Locate the section Retirement Plans and Social Security and click on the arrow on the right
Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
Enter your form 1099-R and follow the interview
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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DD1217Author

Hi,

The question sequence in Item 7 below does not come up in my version.

Is there another way to reflect the 60 day rollover amount?

thanks

Employee

What is the code in box 7 of the Form 1099-R?

Is the IRA/SEP/SIMPLE box marked?