Rollovers are not taxable, but you will receive forms 1099-R with the appropriate codes in Box 7.
You'll need to enter your forms 1099-R making sure to enter box 7 just as it is coded on your forms and TurboTax will exclude them from taxation.
In TurboTax, open
your return and follow these steps:
- Click on Federal
Taxes, then on Wages and
Income
- Under All Income, locate the Retirement Plans and Social Security section
- Click Show more and click Start next to IRA, 401(k), Pension plan withdrawals (1099-R) - see attached screenshot.
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