How 401K Rollover

I changed jobs in 2022 and rolled over my 401k into a IRA (tradtional). How do I report this rollover on my 2022 taxes?

725

Expert Alumni

Mar 28, 2023 8:40:25 PM

If you received a 1099-R, you can enter it in TurboTax. If you did a trustee-to-trustee rollover (you did not receive a check), you will not get a 1099-R and you do not have to report it on your tax return.

See Rollovers of Retirement Plan and IRA Distributions.

Level 1

Apr 15, 2023 3:19:51 PM

I did a trustee to trustee rollover of my 401k and I still received a form 1099r do I need to report it?

Level 15

Apr 15, 2023 5:13:53 PM

A rollover from a 401(k) to an IRA always requires a Form 1099-R and is required to be reported.

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How 401K Rollover