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

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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.

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