Why is 403 rollover reported as a pension / annuity distributions ?

sjngip · ‎June 1, 2019

We rolled over the entire amount of a IRA. Why is TurboTax reporting it as a 'Pension and annuity distribution' ?

macuser_22 · ‎June 1, 2019

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a and 4b on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on the 1040 line 4b. In the case of a rollover, nothing goes on 4b.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

macuser_22 · ‎June 1, 2019

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a and 4b on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on the 1040 line 4b. In the case of a rollover, nothing goes on 4b.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**