AnnetteB6
Expert Alumni

Retirement tax questions

You do need to include the Form 1099-R as part of your tax return since the IRS has a copy of the form and will be expecting to see if on your return.  However, it should not generate any taxable income if the full distribution was rolled over to a similar type of account.

 

As you go through TurboTax, you may see the rollover amount included on some summary screens as 'income'.  That does not mean that it is taxable income, it just indicates that there was a distribution made in your name from an account.

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