I have filed through Turbotax. I think there is a mistake on my return. My 1099-R income of over 76,000 shows no tax liability. This can't be right.

[mikedroll16]

What does it mean when on line 4b of my 1040 the word ROLLOVER is found under taxable amount?

[Zbucklyo · Accepted solution]

For your personal security, I have removed your attached tax return with personal identifying information.  This is a public forum.  Did the code in Box 7 (distribution code) of the 1099-R have a 'G'?  If so, this is considered a rollover from one retirement plan to another and is not taxable.  Go back and make sure you entered the 1099-R correctly if you don't think this was a rollover.

[DanaB]

Rollover means that distribution from your 1099-R was put into another retirement account and this does make the distribution not taxable. See Rollovers of Retirement Plan and IRA Distributions for more information.

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