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April 7, 2025
Question

1st distribution was 81% rolled over to an IRA, second form shows amount I kept out and paid federal tax on. When I enter both it adds them together. How do I fix that.

  • April 7, 2025
  • 2 replies
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    2 replies

    April 21, 2025

    It should add them together.  There are two lines on the 1040 form for this - total pensions and taxable pensions.  They will need to be added together for the total pensions line and then only the second one should be on the taxable pensions line.

     

    @house419 

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    VolvoGirl
    April 21, 2025

    If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.


    Before filing you can preview the 1040 or print the whole return
    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160