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 Feb 21, 2025 9:32:57 AM

I had a roth rolloever from one roth account to another. However, the entire amount isbeing added as income??

I need t talk to a person from INTUIT

0 2 558
2 Replies
Level 15
Feb 21, 2025 9:41:05 AM

what is the code in Box 7 of the 1099-R? 

Level 15
Feb 21, 2025 9:43:36 AM

The tax code considers such rollovers to be nontaxable income.  It is required to be included on line 4a of Form 1040 but, if entered properly, will be excluded from taxable income on line 4b with the ROLLOVER notation.