If you "roll over" an IRA, you are moving it from one company to another. You have 60 days from the time you receive the funds from one company to invest it with the other company before it becomes taxable to you. To make an entry for an IRA Rollover in our program go to:
- Federal Section
- Income (Enter Myself)
- IRA/Pension Distributions
- Add or Edit an IRA- 1099-R
Make your entries and mark the check box that states, "Check here if all/part of the distribution was rolled over and enter the rollover amount."