Do I need to include my 401 K gross distribution amount on my return if it was rolled over into an existing IRA?

I retired last June and received a distribution from my 401K which was rolled over into my existing IRA. I received a 1099-R which shows the distribution and $0 taxable amount. Does this need to be included on my tax return?

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1 Best answer

Expert Alumni

Mar 13, 2023 11:48:21 AM

Yes. Report the form on your return.

This rollover transaction isn't taxable, but it is reportable on your federal tax return. IRS.GOV

Expert Alumni

Mar 13, 2023 11:48:21 AM

Yes. Report the form on your return.

This rollover transaction isn't taxable, but it is reportable on your federal tax return. IRS.GOV

Level 2

Mar 16, 2023 9:12:37 AM

Thank you Maya

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Do I need to include my 401 K gross distribution amount on my return if it was rolled over into an existing IRA?