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Retirement tax questions
No, your pension distribution should not be taxed if it is rolled over to an IRA.
However, you need to tell TurboTax that this is happening.
In the screens after the initial entry of the 1099-R, There are a variety of questions over one to several screens.
One question is "Tell us if you moved the money through a rollover or conversion" (in the Online version - the desktop version may be worded differently).
One or more options below will let you indicate that it was a rollover. Once you check that, the rollover amount will be tax-free.
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‎January 31, 2025
1:49 PM