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
MayaD
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
2 Replies
MayaD
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