Normal for distribution from existing pension (subsequently rolled over to an IRA) to show as income? Marked it as a rollover, just want to ensure not paying taxes on it

dargan1954 — Tue, 04 Jun 2019 19:17:58 GMT

If you take the steps below, your distribution will not b...

KenH1 — Tue, 04 Jun 2019 19:17:59 GMT

If you take the steps below, your distribution will not be included in your taxable income (unless you rolled it into a Roth IRA). It may appear in the Tax Summary, which is meaningless.

In TurboTax, enter your 1099-R just as it is issued.

TurboTax will then ask a series of questions so the program can determine if the amount is taxable or not.

At the What Did You Do with The Money screen indicate that I moved the money to an IRA or another retirement account and then select rolled over down below.

There should be no effect on your taxes.

topic Normal for distribution from existing pension (subsequently rolled over to an IRA) to show as income? Marked it as a rollover, just want to ensure not paying taxes on it in Retirement tax questions

Normal for distribution from existing pension (subsequently rolled over to an IRA) to show as income? Marked it as a rollover, just want to ensure not paying taxes on it

If you take the steps below, your distribution will not b...