MinhT1
Expert Alumni

Retirement tax questions

For your rollover from your 401(k) to your Traditional IRA, you will received a form 1099-R from your broker with code G in box 7.

 

You have to enter this 1099-R in your tax return. After entering it, follow the interview and indicate that you rolled over the funds to a traditional IRA. The amount will not be taxed and your taxes will not go up.

 

Form 5498 is for information and is not reported on your tax return.

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