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Get your taxes done using TurboTax
@MB001 If your Form 1099-R has a code of G in box 7 then the total distribution from box 1 will be entered on Form 1040 on either Line 4a or 5a, depending on the type of plan, with the word ROLLOVER entered on the line. On either Line 4b or 5b will have a 0 (zero) entered. Meaning that the distribution was not taxable and will not be entered as taxable income on your tax return.
If you have anything other than a 0 entered on Line 4b or 5b then delete the Form 1099-R and enter it manually.
‎October 2, 2024
9:27 AM