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tlrobeson
New Member

Why is my rollover contribution listed as earned income?

 
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1 Reply
DanaB27
Expert Alumni

Why is my rollover contribution listed as earned income?

Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at Form 1040 line 4b or 5b (taxable amount), it should show $0 and state ROLLOVER next to it.

 

To preview Form 1040 in TurboTax Online:

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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