Changed jobs. rolled over 401k to new employer. Do i need to report this? I got the 1099 but it was a direct rollover.

posted

Yes. You will need to report this rollover on your tax return. Your form 1099-R should have a code G or H in box 7, to indicate that it was a direct rollover. Please view the answer link below for instructions on how to enter the rollover into Turbo Tax.

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