It depends.  First, you want to make sure you have the right entries.  When you entered in the 1099-R, you should have entered a G in the box 7 distribution code.  Then, TurboTax asks what you did with the distribution.  You state that you rolled it over.  It is not taxable.  But it is still reported on the tax return.  It will show that you received the amount (considering it income), but that it is not taxable. on line 12a of Form 1040A , or box 16a of Form 1040, the distribution is reported.  But on line 12b of Form 1040A or box 16b of Form 1040, there should be a zero.  This would represent that you pay no tax on the rollover.