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jenerb1
Returning Member

1099-R Direct rollover from 401K to an IRA, coming up as a Pension and Total Income?

I entered in the 1099-R information and after completely finished, it comes up as Pension and also is included in our: Total Income. However, it was a Direct Rollover from a 401k to an IRA. We did not received any money as a distribution. Please help on how to correct this, as it definitely was not ever Income.

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2 Replies
HC902
New Member

1099-R Direct rollover from 401K to an IRA, coming up as a Pension and Total Income?

I have the same issue that the direct rollover to traditional IRA amount is added to total income.. 

dmertz
Level 15

1099-R Direct rollover from 401K to an IRA, coming up as a Pension and Total Income?

The treatment is correct.  "Income" simply means it's reportable on your tax return.  As long as it's not being included on Form 1040 line 4d (or line 4b for IRA distributions), it's not being treated as taxable income and has no effect on your tax return other that to be included on line 4c (or line 4a for IRA distributions) and to have the ROLLOVER notation next to the line.

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