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Normal for distribution from existing pension (subsequently rolled over to an IRA) to show as income? Marked it as a rollover, just want to ensure not paying taxes on it
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June 4, 2019
12:17 PM
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Retirement tax questions
If you take the steps below, your distribution will not be included in your taxable income (unless you rolled it into a Roth IRA). It may appear in the Tax Summary, which is meaningless.
In TurboTax, enter your 1099-R just as it is issued.
TurboTax will then ask a series of questions so the program can determine if the amount is taxable or not.
At the What Did You Do with The Money screen indicate that I moved the money to an IRA or another retirement account and then select rolled over down below.
There should be no effect on your taxes.
June 4, 2019
12:17 PM