topic Re: Direct rollover from one employer 401k to new employer 401k in Get your taxes done using TurboTax

Direct rollover from one employer 401k to new employer 401k

SandyOH — Tue, 24 Feb 2026 07:52:14 GMT

I did a direct rollover from my prior employer's 401k to my new employer's 401k and noticed while working on my child's CSS profile for college that the rollover shows a taxable amount on line 5b. Shouldn't this line be "0"? The distribution code on my 1099-R was "G", the total distribution box was checked and box 2a was "0". My return has already been completed and accepted back in April so I will have to amend but not sure what the issue is. Any ideas? Thanks!

Re: Direct rollover from one employer 401k to new employer 401k

Mike9241 — Sun, 08 Oct 2023 16:23:30 GMT

why kind of 401K plan was the old one - regular or Roth.? did you mistakenly convert a traditional 401K to a Roth 401K? probably the easiest way to find out is to contact your ex-employer.

Re: Direct rollover from one employer 401k to new employer 401k

SandyOH — Sun, 08 Oct 2023 16:29:20 GMT

I figured it out! It is actually related to the taxable portion of a life insurance policy sale but it appears on my tax return on line 5b which also has "Rollover" next to it to account for the 401k rollover, so the 401k rollover was not taxed. Thanks!