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Returning Member
posted Oct 8, 2019 10:18:32 AM

401k Direct Rollover

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

0 3 406
3 Replies
Level 15
Oct 8, 2019 10:21:46 AM

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.

Returning Member
Oct 8, 2019 10:25:56 AM

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

Level 15
Oct 8, 2019 10:30:16 AM

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