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falcon1216
New Member

1099-R help: My 401k to IRA indirect rollover is showing as income but is not taxable; how do I eliminate that?

Need the correct code to for box 7 in TT

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CathiM
New Member

1099-R help: My 401k to IRA indirect rollover is showing as income but is not taxable; how do I eliminate that?

The correct code for direct rollover is G, but yours is an indirect rollover.  If you follow these steps below to indicate the rollover in TurboTax, that should take care of it and make in not taxable.

https://ttlc.intuit.com/replies/5397746

View solution in original post

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CathiM
New Member

1099-R help: My 401k to IRA indirect rollover is showing as income but is not taxable; how do I eliminate that?

The correct code for direct rollover is G, but yours is an indirect rollover.  If you follow these steps below to indicate the rollover in TurboTax, that should take care of it and make in not taxable.

https://ttlc.intuit.com/replies/5397746

View solution in original post

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