How do i declare a rollover from 401k to government pension plan

[robert_grandy]

I bought additional years of service in my pension plan by rolling over funds from my 401k.  I went through Turbotax, but did not see that scenario.  I know I have to declare this rollover, but how?

[DanaB27]

You will enter the 1099-R that you received and answer the follow-up questions carefully.

If it wasn't a direct rollover with code G in box 7 then you can indicated in the follow-up questions that you rolled it over into another retirement account.

1. Login to your TurboTax Account 
2. Click on "Search" on the top right and type “1099-R”
3. Click on “Jump to 1099-R”
4. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
5. Continue answering the questions.

[robert_grandy]

I have code "g" in box 7 of my 1099-r.  Code "g" indicates that my 401-k funds were rolled over to another qualified plan (In my case, a government pension plan).   I am ok as long as that information is on my tax form.  Is that correct?

[macuser_22]

Just enter the 1099-R and say NO to the two Roth questions.  That will put the box 1 amount on the 1040 form line 5a with ROLLOVER next to it.

Code G is automatically a rollover.

[DawnC]

Yes, just enter the 1099-R exactly as you see it.    TurboTax knows how to handle to code G - it is a direct rollover and will not be taxed.   

You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

1. Open (continue) return if you don't already have it open.
2. Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
3. Answer Yes on the Did you get a 1099-R? screen.
   • If you land on the Your 1099-R Entries screen instead, select Add Another 1099-R.
4. Select which option matches your form and Continue.
5. You can import your form directly from your financial institution by searching or selecting yours from one of the options on the screen. You'll be prompted to enter your financial institution account information, and TurboTax will directly import your forms.
   • If you prefer to type it in yourself, select Change how I enter my form and continue through.