johnb5994
Returning Member

Retirement tax questions

Thanks for your answer. I'll put in some numbers. Let's say when my previous employer sold the ESOP plan paid out $20,000 that was rolled over to an IRA. Both forms had that $20,000. 

Looking at form 1040 after entering both forms, it now shows $40,000 on line 5a. Even if ROLLOVER is beside line 5b, it's still showing double the amount that was actually rolled over. That just doesn't seem correct. Am I worrying too much here?