topic I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731656#M112212 Mon, 12 Oct 2020 16:33:06 GMT DL54 2020-10-12T16:33:06Z I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong? https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731656#M112212 Mon, 12 Oct 2020 16:33:06 GMT https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731656#M112212 DL54 2020-10-12T16:33:06Z Re: I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong? https://ttlc.intuit.com/community/retirement/discussion/re-i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731659#M112213 <P>A non-taxable 401(k) rollover should only show on the 1040 form line 4d as a 0 (zero) amount and noting in line 4c (taxable).&nbsp;&nbsp;&nbsp;&nbsp; That does not get added to AGI and has no effect on anything else on your tax return.</P> <P>&nbsp;</P> <P>What deduction seems to be reduced?</P> Mon, 12 Oct 2020 16:40:19 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731659#M112213 macuser_22 2020-10-12T16:40:19Z Re: I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong? https://ttlc.intuit.com/community/retirement/discussion/re-i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731748#M112223 <P>You need to enter the ROLLOVER code = "G" from your 1099-R.</P> Mon, 12 Oct 2020 18:32:45 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-rolled-over-a-401k-into-an-ira-and-it-is-showing-as-non-taxable-income-as-a-result-some-of-my/01/1731748#M112223 fanfare 2020-10-12T18:32:45Z
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topic I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong? in Retirement tax questions
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I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong?
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Re: I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong?
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<P>A non-taxable 401(k) rollover should only show on the 1040 form line 4d as a 0 (zero) amount and noting in line 4c (taxable).&nbsp;&nbsp;&nbsp;&nbsp; That does not get added to AGI and has no effect on anything else on your tax return.</P> <P>&nbsp;</P> <P>What deduction seems to be reduced?</P>
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Re: I rolled over a 401K into an IRA, and it is showing as (non-taxable) income. As a result, some of my deductions are not allowable. THis does not make sense because it was not income, it just changed accounts. What am I doing wrong?
</title>
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<P>You need to enter the ROLLOVER code = "G" from your 1099-R.</P>
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