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Level 1

Hi. i am imputting a 1099-r and in box 7, I have a 6. this account went into another retirement aaccount. Will i be taxed on this monry??

 
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Level 20

Hi. i am imputting a 1099-r and in box 7, I have a 6. this account went into another retirement aaccount. Will i be taxed on this monry??

Code 6 reports a 1035 exchange of one nonqualified annuity or insurance policy to another, not a rollover.  It is reportable income, but not taxable income.  This Form 1099-R should have a zero in box 2a and TurboTax will exclude this distribution from taxable income on Form 1040 line 4b.

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Level 20

Hi. i am imputting a 1099-r and in box 7, I have a 6. this account went into another retirement aaccount. Will i be taxed on this monry??

Code 6 reports a 1035 exchange of one nonqualified annuity or insurance policy to another, not a rollover.  It is reportable income, but not taxable income.  This Form 1099-R should have a zero in box 2a and TurboTax will exclude this distribution from taxable income on Form 1040 line 4b.

Level 1

Hi. i am imputting a 1099-r and in box 7, I have a 6. this account went into another retirement aaccount. Will i be taxed on this monry??

I would check with your Broker and make sure you have the right form. 

If you "rolled over" that money into another Retirement Account, there should most likely be a Code G in that Box 7.