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Indirect Rollover

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Level 1
last updated ‎June 05, 2020 2:04 PM

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?

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Highlighted
Level 15
last updated ‎June 05, 2020 2:04 PM
  1. Go to Income > Pensions, IRAs (1099-R);
  2. Enter the distribution from 1099-R on the input screen;
  3. Click on the Rollovers tab;
  4. 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.

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Still an AllStar

View solution in original post

1 Reply 1
Highlighted
Level 15
last updated ‎June 05, 2020 2:04 PM
  1. Go to Income > Pensions, IRAs (1099-R);
  2. Enter the distribution from 1099-R on the input screen;
  3. Click on the Rollovers tab;
  4. 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

View solution in original post