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Rolled a 401k to qualified account and got 1099-R (,turbo tax question)
Posted on 1/24/23 at 9:42 pm
Posted on 1/24/23 at 9:42 pm
Mildly annoyed hoping turbo tax will allow me to enter and they offset somehow
I know I don't owe taxes just wondering if I can get it reported in a way that doesn't confuse tax person
I know I don't owe taxes just wondering if I can get it reported in a way that doesn't confuse tax person
3
Posted on 1/24/23 at 10:48 pm to thelawnwranglers
Not sure about Turbo Tax software, but it should allow you to enter the taxable amount, which should be $0, and the code in box 7, which should be “G”.
Rollovers are reportable but not taxable.
Rollovers are reportable but not taxable.
This post was edited on 1/25/23 at 6:46 am
Posted on 1/25/23 at 6:44 am to thelawnwranglers
If there is a box 7 code G just enter it in as it’s in the form.
If it’s a 60 day rollover just let TurboTax know
If it’s a 60 day rollover just let TurboTax know
Posted on 1/25/23 at 10:43 am to thelawnwranglers
You’re supposed to get a 1099. Doesn’t mean it’s taxable.
Posted on 1/25/23 at 12:45 pm to Weagle25
Thanks for helpful replies
I do have a g
I do have a g
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