Most likely you're looking at the summary screen. That screen shows all money moved for any reason, in your name. That doesn't mean it's all taxable money. The summary shows *all* money.  On the 1040 itself you'll see the amount on line 15 or 16. Box a shows the amount, and box b shows the taxable amount. For the direct rollover the taxable amount will show zero in box b on the appropriate line.