Pension rollover

Enjayem64 — Sun, 26 Jan 2025 19:55:51 GMT

I received a pension payout. I rolled it over to my current 401k plan. I did not take a distribution. Do I need to report this on my taxes, if the entire amount was rolled over?

Re: Pension rollover

MinhT1 — Sun, 26 Jan 2025 20:03:31 GMT

Yes. The rollover is not taxable, but you still need to report the rollover by entering your form 1099-R.

In TurboTax Online, enter your form 1099-R by following these steps:

Open your tax return
Click on Federal in the left-hand column, then on Wages & Income
Navigate to the list of income categories
Locate the section Retirement Plans and Social Security and click on the arrow on the right
Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
Enter your form 1099-R and follow the interview
When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

topic Re: Pension rollover in Retirement tax questions

Pension rollover

Re: Pension rollover