Retirement rollover

Forum|Forum|2 months ago
April 15, 2026
1 reply
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Hello! I received a 1099-R form because I changed jobs last year, and the first job's 401-K contributions were distributed to my personal IRA. However, all the 1099-R says is "Income: X amount; taxable income: 0". Turbotax did not prompt me to indicate that the distribution was a rollover into an IRA, and indeed, near the end of my tax process, prompted me to double check that those numbers were correct ("You told us only zero of your retirement with X Company is taxable. Let's check we're not missing anything with the full X Amount of your retirement. Check your 1099-R and make sure we've got the numbers right.") How do I indicate the rollover? Thank you!

DavidD66

Level 15

If your Form 1099-R had code G in box 7 that indicates that it was a direct rollover and is not taxable. That's all you need to do. If it was not a direct rollover (has different code in box 7) then you have to go through all the questions in the 1099-R section until you get to the question that asks what you did with the money. You have to indicate that you rolled all of it over into another retirement plan. Make sure go through all the screens/questions by continuing to enter "Continue".

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