You'll need to sign in or create an account to connect with an expert.
Yes.
You have to report this form 1099-R on your tax return.
The rollover will not be taxable.
Enter the form 1099-R and in TurboTax Online continue with the TurboTax interview until you arrive at the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
To be clear, this was a distribution from the 401(k). It's just that the rollover made it a nontaxable distribution, nontaxable income.
I never get such a page nor radio buttonL
Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)
.....what now??
If the code in box 7 is G, TurboTax automatically treats it as a rollover.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
klmnd060957
New Member
LexyB
Level 1
kpg102
New Member
lidia-boisson
New Member
beebster
New Member