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Level 2
October 8, 2019
Question

401k Direct Rollover

  • October 8, 2019
  • 1 reply
  • 5 views

I have received a 1099-R for a 401k direct rollover to IRA. It's coded as G in box 7. Do I need to do anything else or just input that 1099-R? I want to make sure it doesn't get reported as a taxable event

    1 reply

    VolvoGirl
    Level 15
    October 8, 2019

    Enter the 1099R.  Code G will tell it that it is a direct transfer and not taxable.  When you are done check 1040 line 4b should be zero.  It might say Rollover by it.

    NazitaAuthor
    Level 2
    October 8, 2019

    Great. Thanks. Not sure how to look at 1040 line 4b

    VolvoGirl
    Level 15
    October 8, 2019

    Are you using the Online version?  You can preview the 1040 or print the whole return

    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160