Yes, if you rolled over your 401(k) to a traditional IRA then this will not be taxable, please review the follow-up questions carefully:
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Verify that the IRA/ SEP/ SIMPLE is not checked since it was a rollover from a 401k
- On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
- On the "Did you move the money to a Roth IRA?" screen answer "No"
Since it was a rollover from a 401k Form 1040 line 5b (taxable amount) should show $0 and state ROLLOVER next to it.
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