Do I need to insert information from 1099-R if I had a rollover from my 401K to a different company?

blondieashley06 · ‎February 2, 2024

xmasbaby0 · ‎February 2, 2024

If you have a 1099R you enter it.

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

VolvoGirl · ‎February 2, 2024

Yes you have to report all 1099R you get. What code is in box 7? Code G is a direct transfer and not taxable. It will say Rollover by 1040 line 5b.

SharonD007 · ‎February 4, 2024

Yes, you are required to report your 1099-R, even if the distribution isn’t taxable. For additional information, review the TurboTax Help article Where do I enter an IRA rollover? and the IRS instructions for Direct Rollovers.

@blondieashley06

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Do I need to insert information from 1099-R if I had a rollover from my 401K to a different company?