topic I rolled over some 401K accounts to an IRA account but nothing is taxable. Does this count as distributions? Do I need to report this? in Retirement tax questions

I rolled over some 401K accounts to an IRA account but nothing is taxable. Does this count as distributions? Do I need to report this?

rvins004 — Sun, 21 Mar 2021 19:23:15 GMT

I only received one 1099-R form (taxable income $0.00)

Re: I rolled over some 401K accounts to an IRA account but nothing is taxable. Does this count as distributions? Do I need to report this?

macuser_22 — Sun, 21 Mar 2021 19:33:50 GMT

Yes it must be reported as a rollover.

Just enter the 1099-R and answer the followup questions.

Re: I rolled over some 401K accounts to an IRA account but nothing is taxable. Does this count as...

DavidD66 — Sun, 21 Mar 2021 19:37:17 GMT

A rollover is not a taxable event, but you need to report it on your tax return by entering the Form 1099-R. If asked, be sure to answer the question ""What Did You Do With The Money From [Retirement Plan]?" by indicating you "rolled over all of this money to an IRA or other retirement account (or returned it to the same account)."