Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Indirect Rollover

Lizhoh
Level 2

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?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
itonewbie
Level 15
  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

1 Comment 1
itonewbie
Level 15
  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