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Rollover from 401K to an annuity
Accepted Solutions
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Rollover from 401K to an annuity
Yes, this is a rollover that must be reported even though it is considered income that is not taxable. Enter the Form 1099-R under Wages & Income (or Personal Income) -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions. If the code in box 7 of the Form 1099-R is G, simply indicate that the rollover was not to any type of Roth account.
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Rollover from 401K to an annuity
Yes, this is a rollover that must be reported even though it is considered income that is not taxable. Enter the Form 1099-R under Wages & Income (or Personal Income) -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions. If the code in box 7 of the Form 1099-R is G, simply indicate that the rollover was not to any type of Roth account.