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New Member
posted Jun 5, 2019 2:37:53 PM

I have filed through Turbotax. I think there is a mistake on my return. My 1099-R income of over 76,000 shows no tax liability. This can't be right.

What does it mean when on line 4b of my 1040 the word ROLLOVER is found under taxable amount?

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1 Best answer
Level 9
Jun 5, 2019 2:37:55 PM

For your personal security, I have removed your attached tax return with personal identifying information.  This is a public forum.  Did the code in Box 7 (distribution code) of the 1099-R have a 'G'?  If so, this is considered a rollover from one retirement plan to another and is not taxable.  Go back and make sure you entered the 1099-R correctly if you don't think this was a rollover.

2 Replies
Level 9
Jun 5, 2019 2:37:55 PM

For your personal security, I have removed your attached tax return with personal identifying information.  This is a public forum.  Did the code in Box 7 (distribution code) of the 1099-R have a 'G'?  If so, this is considered a rollover from one retirement plan to another and is not taxable.  Go back and make sure you entered the 1099-R correctly if you don't think this was a rollover.

Expert Alumni
Jun 5, 2019 2:37:57 PM

Rollover means that distribution from your 1099-R was put into another retirement account and this does make the distribution not taxable. See Rollovers of Retirement Plan and IRA Distributions for more information.

Please do not post documents with SSN on here.