Deductions & credits

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.

 

If you have the Desktop program you can switch to FORMS in the upper right and open the 1040 and see.  A 401k should be on line 5a and zero taxable on 5b.