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kmartin24
New Member

401 K

I had an IRA roller over to a 401K acct.  Why is it being added to my income for the year?  I didnt cash out, just rolled money over.

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1 Reply
BillM223
Expert Alumni

401 K

In the 1099-R interview, after you entered the actual 1099-R data, how did you answer the question, "What did you do with the money from [name of plan]?" Did you answer "[name] moved the money to another retirement account (or returned it to the same retirement account)"/

 

If so, you would have seen an additional question that asked, "[name] rolled over all of this money to an IRA or other retirement account". When you check this line, then the 1099-R distribution would be considered nontaxable.

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