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.

morlin4
New Member

My wife changed employers and transfer her 401k. We received this in a 1099 form and I want to make sure this doesn't count as a withdrawal?

 
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
ColeenD3
Expert Alumni

My wife changed employers and transfer her 401k. We received this in a 1099 form and I want to make sure this doesn't count as a withdrawal?

How you handle it, depends on how you transferred the money. If it was a custodian to custodian transfer, then you will have a Code G. All you need to do is enter the 1099-R exactly as it is.

 

If you withdrew the money and then redeposited it in a retirement account such as another 401k or IRA within 60 days, then you will have a couple of extra steps. You will need to note this in the interview. Simply tell the program what you did when you arrive at that screen.

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