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Level 1
posted Apr 15, 2023 4:40:42 PM

401K rollover

I did a trustee to trustee rollover of my 401k and I still received a form 1099r do I need to report it? 

box 2a is zero

box 4 is zero

box 7 is G

0 1 240
1 Replies
Level 15
Apr 15, 2023 5:11:28 PM

Yes, this nontaxable income must be reported.  It will appear on line 5a of Form 1040 but will be excluded from the taxable amount on line 5b.