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

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

401k Direct Rollover to IRA

Turbox tax record 401k Direct Rollover to IRA 1099-R in 1040 5a with correct amount, and checked rollover box of in 4a with 0. leading to filing rejected.
How can i fix this in turbotax?

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
ReneV4
Expert Alumni

401k Direct Rollover to IRA

The reporting of a direct 401(k) rollover to IRA with the correct amounts showing on Line 5a was resolved with a recent update. Here are the steps to take to ensure the correct amounts appear on your tax return:

 

First, delete the current Form 1099-R and the IRA Information Worksheet:

 

  1. On the left panel, click on the down arrow to open more options
  2. You may have to scroll down a little to view the Tools option below
  3. Click on Tools, then Delete a form (Usually the third option down)
  4. Scroll down to delete the IRA Information Worksheet and the  Form 1099-R

 

Next, re-enter Form 1099-R:

 

  1. Click on Income
  2. Scroll down to IRA, 401(k), Pension Plan...(1099-R) and click Review/Start
  3. Select +Add a 1099-REnter a different way, then Type it in myself and make your 1099-R entries

 

To verify the information is correct:

 

  1. On the left panel, click on the down arrow to open more options
  2. You may have to scroll down a little to view the Tools option below
  3. Click on Tools, then View Tax Summary from Tools Center (Usually the first option)
  4. Select Preview my 1040 from the left hand panel, located above Tax tools
  5. Scroll down to Line 5a to confirm the Rollover box is checked and the correct amount is showing in Line 5a (and not in Line 4a above)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question