Solved
Indirect Rollover
How do you enter an indirect rollover into Proconnect. I have a 1099-R with code 7 and then a 5498 with code 2. Is there a specific way proconnect handles indirect rollovers?
itonewbieAnswer
Level 15
June 5, 2020
- Go to Income > Pensions, IRAs (1099-R);
- Enter the distribution from 1099-R on the input screen;
- Click on the Rollovers tab;
- Enter the rollover from F.5498.
The above will trigger PTO to print Rollover over Line 4a and show any balance that was not rolled over on Line 4b.
---------------------------------------------------------------------------------Still an AllStar
