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.

jmcq
New Member

Retired in March 2023 had 401K took it from company and deposited it in another company. I received 1099-R do I need to file it on 2023 taxes?

Had 401K thru work retired March 2023.  received 1099-R. Took from one Investment company and deposited with another Investor.  do I need to list on my taxes
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
DanaB27
Employee Tax Expert

Retired in March 2023 had 401K took it from company and deposited it in another company. I received 1099-R do I need to file it on 2023 taxes?

Yes, if you received Form 1099-R for the rollover then you will enter it on your tax return.  

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R” and enter your 1099-R

 

If your Form 1099-R doesn't have code G to indicate a direct rollover then you can indicate in the follow-up questions that you made a rollover:

 

  1. After entering your Form 1099-R continue through the follow-up questions.
  2. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
  3. Continue answering the questions.

 

Please see IRS Rollovers from retirement plans for additional information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies