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Get your taxes done using TurboTax
Hi, @Josephine1625 , thanks for the question! Since you are withdrawing money from a retirement account, even though you are rolling it over into another account, you will receive a 1099-R form for the distribution. This is reported on line 4 of your Form 1040. Since this should not be a taxable distribution, it need not be reported on your NY IT-201 at all. TurboTax will walk you through all of this when you enter in the 1099-R form, you will be asked if this distribution was rolled over into another account. Hope this helps!
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‎November 17, 2022
6:16 AM