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I have a 1099-R where I rolled over to an IRA is this counted as income?

 
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I have a 1099-R where I rolled over to an IRA is this counted as income?

It should show as gross income in TurboTax, however NOT as taxable income, as long as went from a Traditional Retirement Account to a Traditional (not Roth) IRA.  Or a Roth to a Roth. 

To enter the 1099R see the following:

To enter pension and annuity Payments (1099-R)

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

You can look a working copy of your return by:

First being in the TurboTax program working on the return

Then going to My Account in the top blue area.

Click on Tools in the drop-down window

Then below the boxes, click on View Tax Summary

Then in upper right (after Tax Summary opens) click on Preview My 1040

Look at lines 15 and 16 of the Form 1040 to see the distributions and the column to the right side is what is being added to the income on the return.  If no other distributions this should be $0.

Click on Back in upper left to get back to regular part of TurboTax. 

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