topic Re: 1099-R in Retirement tax questions

1099-R

timcarlson12 — Tue, 10 Feb 2026 11:16:44 GMT

My wife had transferred her 401 from her former employer to her new employer. We did not withdraw the money, but received a 1099-R which looks to have added to our income because we are paying significantly more in taxes. Does transferring like that get taxed?

Thank you!

Re: 1099-R

DoninGA — Mon, 19 Feb 2024 17:02:53 GMT

Is the code in box 7 of the 1099-R a G indicating a rollover? If so, after completing the Form 1099-R answer the question presented carefully. The amount on the 1099-R will be entered on your Form 1040 Line 5a with the word ROLLOVER and a 0 entered on Line 5b for the taxable amount.

Re: 1099-R

timcarlson12 — Mon, 19 Feb 2024 17:12:30 GMT

Thank you! I can't see line 5b on my 1040 without filing however

Re: 1099-R

DoninGA — Mon, 19 Feb 2024 17:19:34 GMT

@timcarlson12 wrote:

Thank you! I can't see line 5b on my 1040 without filing however

If you are using the TurboTax online web-based editions -

You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

If you are using the TurboTax desktop CD/Download editions -

Click on Forms. When in Forms mode click on the Form 1040 on the left side of the page to open.