JohnB5677
Expert Alumni

Retirement tax questions

Yes, you should put it on your tax return.

No, you should not be taxed on it.

 

You should have gotten a 1099-R from your 401-K account.

It should be posted to your tax return.

 

To Post a 1099-R

Log into TurboTax

  1. Under Federal
  2. Select Wages & Income
  3. Scroll to and select IRA, 401(k), Pension Plan Withdrawals (1099-R)
  4. Now Edit or Add another 1099-R
  5. Enter your Broker or plan administrator information.
  6. Follow the interview.

In the interview the question will be asked

What did you do with the money?

Answer:  I rolled it into another IRA account.

This will insure it is not taxed at this time.

 

@norse1957

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