Do I have to document when rolling a 401k to another employers 401k?

[AnnetteB6]

Yes.  Even though there is no tax consequence for rolling one 401k into another 401k, you will receive a Form 1099-R reporting the distribution from the first 401k.  That Form 1099-R needs to be included as part of your tax return.

[020360010]

Hi

I entered the 1099 r and it is a rollover but it looks like the rollover amount is included in my income and so taxed. What do I do?

[ColeenD3]

Look at your 1040 to be sure it is actually included in income. It would appear on Line 4d. If it is, look at your 1099-R. Is there a code "G" for rollover? If not, did you withdraw the money and roll it over yourself or did the administrator neglect to include the proper code.

There is an area in the program that you can indicate that you rolled it over within the 60 days. This would remove it from being taxable. If you still have trouble, delete the 1099-R and re-enter it.

[020360010]

Thanks! Think understand and entered all correctly.