DawnC
Employee Tax Expert

Get your taxes done using TurboTax

All of the 1099-R distributions are considered income.   However, when you go through the follow-up question after entering each of the forms, you will be able to indicate that you rolled the money over to a different qualified account.   When you do this, TurboTax will remove amounts rolled over or otherwise non-taxable from the taxable income line - so you are not taxed on those amounts.    Code G indicates a direct rollover, so those automatically get removed from taxable income.    For the forms with code 7 and 7m, you will need to complete the follow-up questions to indicate what you did with the money and provide the necessary details to remove the income from taxable income.    There are multiple follow-up screens for each form.  

 

1099-R  Box 7 codes

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