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January 29, 2021
Question

WE ROLLOVER $40000.00 OF $55899.17 into a new IRA paid $1500.00 in Fed tax and $600.00 in State tax I dont know what I am supposed to do to show it

  • January 29, 2021
  • 1 reply
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How do I show the  $40000.00 in a new IRA

1 reply

Employee
January 29, 2021

Enter your 1099-R (which should the amount withheld for taxes as well) into Federal > Wages and Income > Retirement.  Then answer the follow up questions. (One of them asks about rollovers.)