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Get your taxes done using TurboTax
If it is not affecting your taxes owed, it sounds like everything is correct.
You can verify that the rollover is not part of your income by looking at your form 1040. Retirement income is shown on line 5a and 5b. The amount on 5a shows what you report, the amount on 5b shows the taxable amount. So you should see the amount in 5a, but 5b should be $0 unless you had another type of retirement income that you added as well.
There are no additional entries needed as long as you answered the questions that followed the entry of the 1099-R
On the menu bar on the left that shows.
- Select Tax Tools
- On the drop-down select Tools
- On the pop-up menu
- Select View Tax Summary
- On the left sidebar, select Preview my 1040
Or look at forms mode if you are using the desktop version.
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February 18, 2024
7:00 PM
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