turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I rolled over money from a 401k to a 401a, is there a penalty?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MichaelDC
New Member

I rolled over money from a 401k to a 401a, is there a penalty?

No. You probably had a direct rollover without you touching the money. In this case, you should be expecting a Form 1099R with a rollover code in Box 7 (probably G). Enter the 1099-R exactly as it appears on your paper printed form.

No taxes or penalties should result from this as the 401(a) is a "qualified employer plan".

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies