https://ttlc.intuit.com/community/retirement/discussion/re-1099-r/01/2223246#M149367 <P>Are you sure it's showing up as taxable on 1040 line 5b? &nbsp;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 the actual 1040 form and make sure it's right.&nbsp;</P><P>&nbsp;</P><P>What Code is in box 7? &nbsp;If it's a G that is a direct transfer and won't be taxable. &nbsp;It should say ROLLOVER by line 5b.</P> Wed, 21 Apr 2021 19:20:46 GMT VolvoGirl 2021-04-21T19:20:46Z https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/2223217#M149361 <P>I am working with Turbotax Deluxe. In 2020 I transferred a total distribution of a&nbsp; traditional 401K from one company to another without taking any distribution to myself as a payment. That amount of over $124K now shows up as income on my taxes. I entered it as non-taxable, but it comes back in as income. Is this correct? I assume this will mess up my filing, as our joint filing gross income is less than $80K. Please help. Thank you, Tom</P> Wed, 21 Apr 2021 19:13:12 GMT https://ttlc.intuit.com/community/retirement/discussion/1099-r/01/2223217#M149361 55tomcat1979 2021-04-21T19:13:12Z https://ttlc.intuit.com/community/retirement/discussion/re-1099-r/01/2223246#M149367 <P>Are you sure it's showing up as taxable on 1040 line 5b? &nbsp;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 the actual 1040 form and make sure it's right.&nbsp;</P><P>&nbsp;</P><P>What Code is in box 7? &nbsp;If it's a G that is a direct transfer and won't be taxable. &nbsp;It should say ROLLOVER by line 5b.</P> Wed, 21 Apr 2021 19:20:46 GMT https://ttlc.intuit.com/community/retirement/discussion/re-1099-r/01/2223246#M149367 VolvoGirl 2021-04-21T19:20:46Z