How to file your taxes with TurboTax? In this video, I cover how to enter Form 1099-R which shows a direct rollover of a 401(k) plan balance into a Traditional IRA. This often happens when an employee leaves their employer for a new position and needs to transfer their previous 401(k) balance. The transfer from a traditional 401(k) to a Traditional IRA is generally a tax-free exchange; however, it still needs to be reported on Form 1040. For other TurboTax 2022 tutorials videos, please see the following playlist: Jason’s Page: Knott PLLC: Need more help? Schedule a Consultation: ✅ TAX & ACCOUNTING TRAINING GUIDES Udemy - Gumroad - ✅ FOLLOW JASON HERE: Patreon: Twitter: Instagram: TikTok: LinkedIn: Quora: DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)