I received a 1099-R. But didn’t withdrawal anything from my 401k

You may have received a 1099-R from a former employer. If you changed jobs and the balance was under a certain amount, some retirement plans will automatically close the retirement account. Another possibility is you may have taken a loan on your 401k, and if you changed jobs and the loan was still outstanding, some retirement plans will treat the loan as a distribution instead of giving you the option to continue making payments. 

Or, you may have moved your 401k from one retirement account to another. This action requires a 1099-R to be issued even though you did not withdraw any funds. If you did a "rollover" of your 401k, usually the Taxable Amount reported in Box 2a of the 1099-R will be 0. 

In order to determine the reason for the 1099-R, you will need to contact the retirement plan administrator that is listed on the form.

Since you received a 1099-R, you must report this on your tax return. You can enter this in TurboTax by clicking on Search in the top right corner and then typing in 1099-R in the search box. Then click on the "Jump to" link and enter your information.

I need help, please:

1-I 'rolled over' a 401k into a traditional IRA, I do not see in turbo tax (tt) the option for the situation, tt does give an option for rolling over from a 401k to a Roth account.  How should I proceed to file this 1099-R?

2-Further into the tt questionnaire, under the 'Where is this distribution from?', it seems this form shouldn't apply to my case and 'none of the above' is the most accurate entry?

3-And finally, tt shows the rollover amount as a 'gross distribution', whereas it is actually a rollover.  Do I need to annotate somewhere else on the form that it is not a distribution?  TT just seems to leave me hanging in this case.

Thank you for any help you can give.

When TurboTax asked you (after you entered the 1099-R) what did you do with the money from this distribution, you should have checked "I moved the money to another retirement account". That would tell TurboTax that it was a rollover and therefore not taxable.

Thank you for responding.  

I deleted the original 1099R and started over, but to no avail.  I do not get the question you mentioned - 

'When TurboTax asked you (after you entered the 1099-R) what did you do with the money from this distribution, you should have checked "I moved the money to another retirement account". That would tell TurboTax that it was a rollover and therefore not taxable.'

I have updated my tt software within the hour.  What am I missing?

Once you enter your 1099-R and answer a few questions about the fourth screen in you should get this page. Picture shows page after indicating I moved the money to another retirement account.

I am having the same issue and did not see the follow-up questions as shown. When I originally entered information from the 1099-R, I included the code "G" on the form that indicates it is a direct rollover, but the rollover amount still shows up later as retirement income. 

Is it actually showing on your 1040 as taxable on Line 4b or d? That is the only place that counts. If you are seeing it as in the screen shot below, it is not reflecting the rollover.

In my case, the 1040 is correct.  The turbo tax program is confusing.

Thank you for the clarification.

I also am not getting the opportunity to say I rolled these funds over.  TurboTax keeps referring to this as Pension income. 

If you made a trustee to trustee rollover, you will still get a 1099R. If the Box 7 code of the 1099R signifies it is a rollover, then there is no need for you to designate it as one. 

You should check and see if the amount on the 1099R is coming through as taxable. You can check the Form 1040 to see. 

To pull up a copy of your 2019 Form 1040 and Schedules 1 to 3, follow these directions:

• You should be signed in and working in TurboTax
• Click on Federal in the main left-hand side menu
• Click Tax Tools, then Tools in the main left-hand side menu
• In the pop-up window, click on View Tax Summary
• The left-hand menu has now changed, click on View My 1040

You are looking for Box 4, b, c, and d of the Form 1040. If the 1099R was a rollover, the amount in Box 1 of the 1099R should not be transferred to the far-right column and it should say Rollover in the boxes to the left.

Thanks.  I use the offline version of TurboTax, so I went to View->Forms to see my 1040.  It does say rollover on the 1040 form, but placed this distribution on 4c for Pensions and annuities, but I guess that is the place it goes.  I find it odd that TurboTax refers to this as Pension non-taxable income, when I rolled over my 401K to a Traditional IRA at another institution.  The terminology is throwing me off a bit...

I didnt change jobs. I've been with the same company for 8yrs. Why did i receive a 1099-r from aome company called forge trust that I've never heard of? 

If you received a Form 1099-R and you have not taken any distributions or direct rollovers of any retirement accounts or IRA accounts, then you should contact the company shown on the Form 1099-R to request more information.  

Be sure that the Social Security number shown on the form is yours.  It is possible there was some sort of mix-up.

@Kelsey7763 

I received a 10-99 R for a previous job that I quit. I did not take out the money or roll it over. It's less than $20 and I didn't even know about it until now. What should i mark on turbotax for this situation?

Please follow these steps to enter the Form 1099-R and rollover:

1. Click on "Search" on the top right and type “1099-R”
2. Click on “Jump to 1099-R” and enter your 1099-R
3. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
4. Continue answering the questions.

Please be aware, if you have code G in box 7 then the question will look a little different:

1. On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
2. On the "Did you move the money to a Roth IRA?" screen answer "No"

@SaraLott

I received a 1099-R for a distribution that was canceled. The money was redeposited back into my employer 401k within the 61 day window. How do I amend since I have already filed 2022 taxes, and what documentation do I need to prove the money was put back?

As you have already filed, you will have to amend it when the Federal Return is finalized and you receive your refund if that is what you filed for.  When amending returns via TurboTax begins, and currently, the first date you can file an amended return is February 23, enter the data for the 1099-R and when the rollover question appears say yes.  You should also scan a copy of the proof of rollover within the 60 days limit to prevent a penalty for early withdrawal.  This can be accomplished by requesting a current copy of the statement from the Fiduciary managing the retirement account.

Be prepared for a notice from the IRS regarding this item at some point.  If you did roll over the entire amount within the 60 days there should not be an issue with the IRS.  Just be prepared to submit proof with the notice should it come to that.

@bretta1960 

Thanks, I do have the documentation I downloaded from Transamerica.

You can amend when the form becomes available. There is a place within the 1099-R screens that you can indicate that your rolled back into the account within 60 days.