topic Why is my rollover included in my income ? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/why-is-my-rollover-included-in-my-income/01/577434#M54207 <P>I have a rollover (1099-R code "G") from a pension (lump sum) to an IRA.&nbsp; In the past, I always entered "rollover" on 1040 line 16 and did not include the amount in my income.&nbsp; But TurboTax includes the amount as income and, I assume, includes that in the amount of tax I owe.&nbsp; What am I not understanding ? <BR /></P><BR /> Wed, 05 Jun 2019 22:02:35 GMT Barsnikel 2019-06-05T22:02:35Z Why is my rollover included in my income ? https://ttlc.intuit.com/community/retirement/discussion/why-is-my-rollover-included-in-my-income/01/577434#M54207 <P>I have a rollover (1099-R code "G") from a pension (lump sum) to an IRA.&nbsp; In the past, I always entered "rollover" on 1040 line 16 and did not include the amount in my income.&nbsp; But TurboTax includes the amount as income and, I assume, includes that in the amount of tax I owe.&nbsp; What am I not understanding ? <BR /></P><BR /> Wed, 05 Jun 2019 22:02:35 GMT https://ttlc.intuit.com/community/retirement/discussion/why-is-my-rollover-included-in-my-income/01/577434#M54207 Barsnikel 2019-06-05T22:02:35Z All distributions from retirement accounts are considered... https://ttlc.intuit.com/community/retirement/discussion/all-distributions-from-retirement-accounts-are-considered/01/577439#M54208 <P>All distributions from retirement accounts are considered income under the tax code.&nbsp; However, in this case the rollover makes it nontaxable income.&nbsp; TurboTax's summary&nbsp; page shows both taxable and nontaxable income.<BR /></P> Wed, 05 Jun 2019 22:02:37 GMT https://ttlc.intuit.com/community/retirement/discussion/all-distributions-from-retirement-accounts-are-considered/01/577439#M54208 dmertz 2019-06-05T22:02:37Z