I rolled a 401b retirement account into a traditional IRA. Do I need to enter that? If so, where?

[DanaB27]

Does your Form 1099-R have code G?

If yes then you should see these follow-up questions after you enter your Form 1099-R:

1. Click on "Search" on the top right and type “1099-R”  
2. Click on “Jump to 1099-R”
3. Click "Continue" and enter the information from your 1099-ROn the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
4. On the "Did you move the money to a Roth IRA?" screen answer "No"

TurboTax will know this was a rollover because of the code G.

Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount), it should show $0 and state ROLLOVER next to it.

To preview Form 1040 in TurboTax Online:

1. Click on "Tax Tools" in the left menu
2. Click "Tools"
3. Click "View Tax Summary" in the Tool Center window
4. Click on "Preview my 1040" on the left