401K Rollover from Previous Employer to New Employer 401K

[Lsbreen]

I rolled over one 401K to another 401K and it is still showing as taxable income. I entered "G" for Box 7. Why is is still counting the total distribution amount as taxable?

[KathrynG3]

You are correct, the rollover is not taxable.

You will still see the rollover amount entered with any other pensions and annuities on Line 4c on the front page of Form 1040. 

Is the rollover value posting on Line 4d Taxable amount?

[dmertz · Accepted solution]

Is the amount in box 2a of this Form 1099-R zero?  It should be if the rollover was to a 401(k) plan with a different employer.

If the amount in box 2a of the Form 1099-R is zero, was entered into TurboTax correctly, it's unlikely that it is appearing as taxable income on Form 1040 line 4d.

[Lsbreen]

Thank you! I had entered box 2a inappropriately. 

[dmertz]

I hope that you mean that you mistakenly entered into TurboTax's box 2a something different from what is in box 2a provided by the payer.  Your entry must agree with that on the form provided by the payer.

[Lsbreen]

Yes, indeed. The 1099R was in a different format than my other ones and it had been left blank (although I had mistakenly not left blank.)