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.**