Question

Under 1099 withdrawalsThe money seen as a withdrawal was moved to another account How do I show that?

Forum|Forum|6 years ago
April 11, 2020
1 reply
0 views

the money was not income as it was just transferred to another account in the same bank

TurboTax Deluxe Online

If you are referring to a distribution being reported on a Form 1099-R, then after you enter the information on the Form 1099-R there will be some follow-up questions asking about what you did with the distribution. These questions will include rolling over the money to another type of retirement account. Pay close attention as you answer these as they will determine how much, if any, of the distribution is taxable.

@marylou

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