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Retirement tax questions

You must report a direct rollover of an eligible rollover distribution. A direct rollover is the direct payment of the distribution from a qualified plan, a section 403(b) plan, or a governmental section 457(b) plan to a traditional IRA, Roth IRA, or other eligible retirement plan. Your 1099-R should  have Code G in Box 7.  TurboTax will guide you through entering your 1099-R, so that it is reported, but not taxable.


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