The 401(k) is required to report any rollover on Form 1099-R no matter how the funds are moved.
This Form 1099-R must be entered into TurboTax. The gross amount must be included on line 5a of your Form 1040 but the amount rolled over to the traditional IRA will be excluded from the taxable amount on line 5b. TurboTax will also include the ROLLOVER notation next to this line.
Yes, this is a rollover. A plan administrator is required to issue a 1099-R for a rollover from a 401(k) to a traditional IRA or a Roth IRA. Report the 1099-R on your tax return using the codes in Box 7, which will allow TurboTax to indicate the rollover and note it on your tax return as indicated by dmertz.
A rollover from a traditional IRA to a traditional IRA or a Roth IRA rollover over to another Roth IRA would not require a plan administrator to issue Form 1099-R.
[Edited: 02/08/2025 | 8:17 AM PST]
The 401(k) is required to report any rollover on Form 1099-R no matter how the funds are moved.
This Form 1099-R must be entered into TurboTax. The gross amount must be included on line 5a of your Form 1040 but the amount rolled over to the traditional IRA will be excluded from the taxable amount on line 5b. TurboTax will also include the ROLLOVER notation next to this line.