jayejay48
New Member

An amount was rolled over from one 401k to a new 401k with $0 taxable, so why does TurboTax insist on showing the full amount as taxable income?

1099-R:

Box 1 (Gross Distribution): $62,000   Box 2a (Taxable Amount): $0   Box 2b: total Distribution is checked   Box 7 (Distribution Code): G (Direct rollover of a distribution to a qualified plan