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mooze36
New Member

403b direct rollover to ira is included in taxable income with code G and and line B1 checked on work form how do I get turbotax to not include in income?

 
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Accepted Solutions
Anita01
New Member

403b direct rollover to ira is included in taxable income with code G and and line B1 checked on work form how do I get turbotax to not include in income?

If you entered this correctly, the gross amount of the distribution is included in summaries showing your total income for the year but on the 1040, 16b for Taxable Amount is zero. Line 16a shows the full amount but has Rollover under it.  It is part of your income, just not taxable income.

Did you go through all the questions following the entry of the form?  Look at your 1040 to see the results.

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1 Reply
Anita01
New Member

403b direct rollover to ira is included in taxable income with code G and and line B1 checked on work form how do I get turbotax to not include in income?

If you entered this correctly, the gross amount of the distribution is included in summaries showing your total income for the year but on the 1040, 16b for Taxable Amount is zero. Line 16a shows the full amount but has Rollover under it.  It is part of your income, just not taxable income.

Did you go through all the questions following the entry of the form?  Look at your 1040 to see the results.

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