☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 1:50:13 PM

Does a 401k rollover to traditional IRA need to be reported?

401k rollover

0 1 1068
1 Replies
Level 7
Jun 4, 2019 1:50:15 PM

You should have received a 1099-R tax statement for this transaction to be entered in the following area in TurboTax Online:

  • Click My Account (Top right of your screen).

  • Select Tools.

  • In the pop up window, select Topic Search.

  • In the search bar, type in 1099-r

  • Highlight it and select GO, and follow the prompts

If you rolled over your 401(k) to the Traditional IRA "trustee to trustee" (without ever having actually received a check) the rollover will not be taxable, but the 1099-R should be reported.