Rollover 401k to IRA

lnebo · ‎June 5, 2019

Fidelity Investments rolled over my entire 401K to a traditional IRA. The questions were about rollover to Roth 401k, 403b, or Roth IRA, not traditional IRA. I have a 2016 Form 5498 IRA Contribution that I would like to enter, but it won't let me. I did not withdraw any money from that 401k.

dmertz · ‎June 5, 2019

To report this correctly, TurboTax only needs to know that the money was not rolled to any kind of Roth account. It does not need to know explicitly that you rolled it over to a traditional IRA. See that the gross amount is included on Form 1040 line 16a or Form 1040A line 12a but is excluded from line 16b or 12b, and that the word ROLLOVER appears next to the line.

Rollover 401k to IRA

Retirement tax questions