Form 1099-Q

1099Q-question · ‎February 19, 2026

I have a 1099-Q that is coded as a trustee-to-trustee transfer. Turbo Tax is counting this as income even though it's just a transfer between plans; this should be non-taxable. Is this a bug in the software? How do I resolve?

DawnC

Delete the 1099-Q. It is an informational only document and it does not need to be reported on your tax return unless there are taxable earnings reported. If it was a trustee to trustee transfer, it is not taxable. Keep the 1099-Q with your tax records.

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