topic 401 rollover to ira in Retirement tax questions

401 rollover to ira

pmc5 — Wed, 11 Feb 2026 05:08:23 GMT

Rolled over a 401 to an ira. On form 1099 r box 2a states taxable income is 0.00

Box 7 distribution code is G. This entry remains as income in turbo tax and causing

an increase in income and taxes. It was not rolled over to a Roth IRA. How can this entry

be removed from total income.

patrick coughlin

Re: 401 rollover to ira

DoninGA — Thu, 28 Mar 2024 01:47:12 GMT

Look at your federal tax return, Form 1040 Line 5b. There should be the word ROLLOVER entered and an amount of 0 entered on Line 5b indicating there was no taxable income entered on your return for this rollover.

Re: 401 rollover to ira

VolvoGirl — Thu, 28 Mar 2024 01:53:40 GMT

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. Check 1040 line 5b. It should be zero with the word Rollover by it.

Re: 401 rollover to ira

pmc5 — Thu, 28 Mar 2024 16:09:37 GMT

Checked line 5b and there is an amount showing there

pmc5

Re: 401 rollover to ira

VolvoGirl — Thu, 28 Mar 2024 16:17:04 GMT

Delete the 1099R and try entering it again manually.