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If you rolled over the 401k distribution to a traditional IRA, the distribution should not be taxable. If you rolled over the 401k distribution to a Roth IRA, the distribution will be taxable.
If you took the funds out of the 401k yourself and then redeposited them into the IRA, make sure you indicate this in TurboTax.
To enter your 1099-R or review your 1099-R entries please follow these steps:
Why does a rollover show as income if it was rolled over? Am I doing something wrong?
If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 and make sure it’s right. For 1099R check 1040 line 4b/4d for any taxable amount. If it was a rollover it should say ROLLOVER by it.
Thanks for the information.
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