I am in exactly similar situation as mskl1965. My wife received 1099-R since she rolled over her previous employer's 401K to an Individual IRA in 2016.
Here are some 1099-R form details: There is amount in box 1, No amount in 2a (it is zero), Total distribution box is checked in 2b, No amount in 4 (it is zero) and Distribution code is G in box 7.
When I entered all the correct details in Turbotax and then reviewed form 1040, I saw that there was nothing in 15a or 15b. The gross distribution amount was written in 16a and ROLLOVER was written in 16b.
My questions are:
(1) Can you please confirm that I am not being taxed on the gross distribution amount? It shows under my 2016 income summary (under pensions) in Turbotax which is leading me to some confusion.
(2) Why is 16a filled and not 15a in form 1040 for my situation? Shouldn't it be the other way around since 16a seem to be for Pensions and Annuities? Why is my rollover amount being show in the item (16a) related to pension?
Thanks in advance for your help.
