Should a 1099b reporting a 401K rollover have to be reported?

[wyanttyanna]

No sales

[SusanY1]

A 401(k) rollover is reported on Form 1099-R. If it is a direct rollover it will have code G in Box 7.   

The rollover is reported on the tax return, though it is not taxed.  It will show on Line 5a, but not Line 5b of Form 1040 with the box "rollover" checked on this line.

[user17717229566]

then why is the rollover amount listed as a gross distribution?

[dmertz]

"why is the rollover amount listed as a gross distribution?"

Because that's the total amount of money that was distributed from the 401(k).  Because it was rolled over, this income is treated as nontaxable income instead of being treated as taxable income.

[VolvoGirl]

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero or just any taxable amount and for 2025 there is a new box 1 (under the Gross amount) that will be checked for Rollover.