403B Settlement check years after 403B account was rolled over.

gkravitz · ‎March 18, 2025

I got a 403B Settlement check for a small amount with tax withheld. They sent me a 1099-R. The 403B was closed years ago. How do I report this on my tax return?

VictoriaD75

Was the 403b settlement for additional income outside of the rollover amount? You mention that you received a check. If you received a cash payment, then the settlement is taxable. Report the 1099-R exactly as indicated on the form. The additional distribution is taxable.

If the additional settlement was added to the rollover funds, you can indicate in the software that cash was not received on the settlement but instead rolled over into the account. While the instructions below are for an IRA, the same steps would apply.

Reporting a Rollover in TurboTax

@gkravitz

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