JulieS
Expert Alumni

Get your taxes done using TurboTax

The money you moved from your IRA to a new 401(k), is called a rollover. Hopefully, it shows the code "G" in box 7. If it does, just enter the form in the 1099-R section.

 

If you have a "1" or "2" in box 7, you will need to watch for the screen titled, "What did you do with the money from (your broker's name)?" Pick the first answer, "I moved the money to another retirement account."

 

Pick the first answer to the next question, "I rolled over all of this money to an IRA or other retirement account."

 

That will show the distribution on your return, but it will not be added to your taxable income. 

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