2280148
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.

Where do I enter my Traditional IRA rollover information that came from my 401(k) distribution?

Why does it look like I received the distribution as income?
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.

4 Replies

Where do I enter my Traditional IRA rollover information that came from my 401(k) distribution?

 If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right.   Taxable amount should be 0 on line 5b with the word ROLLOVER by it.  Was any withholding taken out?  What code is in box 7 on the 1099R?

Where do I enter my Traditional IRA rollover information that came from my 401(k) distribution?

Box 7 has "G". It was a direct rollover from my 401(k) into a Traditional IRA, but it was done automatically by my old employer, so I didn't receive any payments.

Where do I enter my Traditional IRA rollover information that came from my 401(k) distribution?

OK, so what is on 1040 line 5a and 5b?  Code G is a direct transfer and not taxable.  Or where is it showing up?  

DawnC
Expert Alumni

Where do I enter my Traditional IRA rollover information that came from my 401(k) distribution?

Just enter the 1099-R exactly as you see, with the G.   Direct Rollovers are not taxable to you.  You should see the full amount on Line 4a but the taxable amount $0, should be on 5b.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question