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.
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.
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.
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.