topic How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do? in Retirement tax questions

How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do?

cassy-massy — Mon, 23 Feb 2026 10:32:34 GMT

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do?

Opus 17 — Sun, 22 Jan 2023 02:24:10 GMT

Enter the 1099-R in Turbotax. Turbotax will ask what you did with the money, and one of the choices will be that you rolled it over to another qualified retirement account.

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do?

dmertz — Sun, 22 Jan 2023 02:32:57 GMT

And a rollover from a 401(k) is indeed a distribution from the 401(k). It's just that the portion of that distribution that is rolled over to a traditional IRA is a nontaxable distribution. If the rollover was a direct rollover to a traditional IRA, the Form 1099-R will have code G in box 7 and will have a zero in box 2a to indicate that the entire amount was rolled over and is nontaxable.

(If the code-G Form 1099-R has a blank box 2a, the payer mistakenly omitted the zero from box 2a and you should enter a zero in box 2a of TurboTax's 1099-R form. If box 2a of a code-G Form 1099-R has a nonzero amount in box 2a the form indicates a taxable rollover to a Roth account.)

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do?

VolvoGirl — Sun, 22 Jan 2023 02:36:01 GMT

Did you get a check to put into your IRA or was it a direct transfer? What code is in box 7 on the 1099R? If they took any taxes out of 401K rollover you had to add them back in when you put it into the IRA or the withholding will become a distribution and be taxable.

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a 1099-R so it looks like a distribution when it's not. What do I do?

T Batson — Thu, 30 Mar 2023 13:45:55 GMT

Which version of Turbo Tax would I need to report a direct rollover from a 401K to an IRA?

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a...

DMarkM1 — Thu, 30 Mar 2023 14:20:04 GMT

Any version of TurboTax will handle your 1099R. As @dmertz explained the amount of the rollover is a distribution from that 401K. A code "G" in box 7 on your form will indicate the distribution is a rollover. Box 2a should be blank or zero indicating the distribution was nontaxable (enter a zero if blank).

Enter the form 1099R information in the "Wages and Income" section using the "Retirement Plans and Social Security" dropdown. There you will find the "Form 1099R" entry topic.

@T Batson

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a...

T Batson — Thu, 30 Mar 2023 21:19:34 GMT

So this is available on the TurboTax free version?

I just need to know how much it's going to cost before I start entering information.

Thanks!

Re: How do I report a 401(k) rollover? I left my job and rolled over my 401(k) to an IRA. I got a...

dmertz — Thu, 30 Mar 2023 21:34:57 GMT

"All versions" includes the Free version. There might be other reasons that you wouldn't qualify to use the Free version, but reporting a rollover this isn't one of them. Note that if any amount was withheld for taxes, you were under age 59½ and you did not substitute other funds to complete the rollover of the entire gross amount, the the portion not rolled over would be an early distribution that would prevent you from using the Free version.