James had a rollover from a PSP to an IRA. 1099-r code G. Why is the amount showing up as taxable income?

jama53 — Sat, 01 Jun 2019 07:05:08 GMT

If you are looking at a summary screen or review screen t...

VolvoGirl — Sat, 01 Jun 2019 07:05:08 GMT

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 your return and make sure it's right.

For 1099R check the actual 1040 line 15b or 16b for any taxable amount. If it was a rollover it should say ROLLOVER by the "b" line. (1040A lines 11b & 12b)

To preview your Online return, go to My Account at the top. Then Tools, then View Tax summary. Then you can click on Preview My 1040 at the top. OR click Review near the top of your screen, and then click Summary right below it. Then Near the bottom of the We Guarantee Your Maximum Refund screen, click the Preview Return link.

Thank you for the quick and accurate reply.

jama53 — Sat, 01 Jun 2019 07:05:10 GMT

Thank you for the quick and accurate reply.

topic James had a rollover from a PSP to an IRA. 1099-r code G. Why is the amount showing up as taxable income? in Retirement tax questions

James had a rollover from a PSP to an IRA. 1099-r code G. Why is the amount showing up as taxable income?

If you are looking at a summary screen or review screen t...

Thank you for the quick and accurate reply.