topic 401k Direct Rollover in Retirement tax questions

401k Direct Rollover

Nazita — Tue, 08 Oct 2019 17:18:32 GMT

I have received a 1099-R for a 401k direct rollover to IRA. It's coded as G in box 7. Do I need to do anything else or just input that 1099-R? I want to make sure it doesn't get reported as a taxable event

Re: 401k Direct Rollover

VolvoGirl — Tue, 08 Oct 2019 17:21:46 GMT

Enter the 1099R. Code G will tell it that it is a direct transfer and not taxable. When you are done check 1040 line 4b should be zero. It might say Rollover by it.

Re: 401k Direct Rollover

Nazita — Tue, 08 Oct 2019 17:25:56 GMT

Great. Thanks. Not sure how to look at 1040 line 4b

Re: 401k Direct Rollover

VolvoGirl — Tue, 08 Oct 2019 17:30:16 GMT

Are you using the Online version? You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160