How to Enter Pension And IRA Rollovers

Entering IRA and Pension Rollovers

IRA and Pension rollovers are generally non-taxable as long as the taxpayer meets the IRS requirements for a rollover. Rollovers can be direct trustee to trustee transfers or indirect rollovers. For more information on rollovers, see IRS Publication 590 for IRA rollovers and IRS Publication 575 for Pension rollovers.

Entering a direct trustee to trustee rollover (Box 7, code is G or H)

1. From within the return
2. Click Add Form on the tax return toolbar.
3. Enter Schedule/Form Number box, enter 1099R. 

   

4. Complete Form 1099-R. 

Entering an indirect rollover (Box 7, code is not G or H)

If less than 100% of the distribution was rolled over, enter the amount rolled over in the Amount rolled over in Indirect Rollover if not 100% box.