topic If I rolled over my 401k from a former employer to a SEP IRA do I need to report it on my tax return? in Retirement tax questions

If I rolled over my 401k from a former employer to a SEP IRA do I need to report it on my tax return?

mjs_nomad — Thu, 06 Jun 2019 13:55:07 GMT

Yes, if you receive a 1099-R.

SweetieJean — Thu, 06 Jun 2019 13:55:10 GMT

Yes, if you receive a 1099-R.

The 401(k) plan is required to send you a Form 1099-R for...

dmertz — Thu, 06 Jun 2019 13:55:11 GMT

The 401(k) plan is required to send you a Form 1099-R for this distribution from the 401(k) and it must be reported. The gross amount shown in box 1 of the Form 1099-R will appear on Form 1040 line 16a or Form 1040A line 12a. Provided that the entire taxable amount shown in box 2a of the Form 1099-R was rolled over, the entire distribution will be excluded from line 16b or 12b making the distribution nontaxable.

Thanks, I appreciate your detailed response.

mjs_nomad — Thu, 06 Jun 2019 13:55:13 GMT

Thanks, I appreciate your detailed response.