If you roll over funds from a 401(k) to a traditional IRA, and you roll over the entire amount, you won't have to pay taxes on the rollover. Your money will remain tax-deferred, and you won't be taxed on it until you withdraw money from it permanently.
Did you do a trustee to trustee transfer and did you receive a 1099-R with Box 7 marked as G? If both of these items are correct it should show up as not taxable.
Revisit your 1099-R interview questions to verify there are no errors.
You should have received a 1099-R tax statement for this transaction to be entered in the following area in TurboTax Online:
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Click My Account (Top right of your screen).
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Select Tools.
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In the pop up window, select Topic Search.
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In the search bar, type in 1099-r
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Highlight it and select GO, and follow the prompts
If you rolled over your 401(k) to the Traditional IRA "trustee to trustee" (without ever having actually received a check) the rollover will not be taxable, but the 1099-R should be reported.
If Box 7 is not marked with G you should contact the payer and have this corrected.
