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The rollover is included in your total income, but it is not considered taxable income.
The rollover to an IRA would be shown in Box 16a, Form 1040. If the entire amount is rolled over, the line 16b remains blank and the rollover shows correctly as NON taxable income. (Form 1040A line 12a and b).
If you'd like, you may preview Form 1040, before paying for the program to verify the nontaxable treatment.
The rollover is included in your total income, but it is not considered taxable income.
The rollover to an IRA would be shown in Box 16a, Form 1040. If the entire amount is rolled over, the line 16b remains blank and the rollover shows correctly as NON taxable income. (Form 1040A line 12a and b).
If you'd like, you may preview Form 1040, before paying for the program to verify the nontaxable treatment.
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