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Get your taxes done using TurboTax
It will show as income on the summary screen which shows gross income, not taxable income.
The IRS requires reporting all income on a *income* tax return - taxable and not-taxable.
The income will be reported on line 4c on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.
The taxable amount on 4d should be 0.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
February 28, 2020
1:09 PM