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401K Distribution and Rollover

I would like to know if this is entered correctly on my 1040.

My husband did both a distribution and a rollover into a traditional IRA from his 401K in 2023.  He is over

59 1/2.

He received 2 1099-R's

The rollover was 44K.  There is a distribution code G in box 7.

The distribution was 41K.  There is a distribution code 7 in box 7.  We know that this is taxable income.

On the 1040 line 5A shows the total of both - 85K.  Line 5B shows 41K, with the word rollover the left.

Is this the correct way to have this reported? 

 

 

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1 Reply

401K Distribution and Rollover

Yes exactly.  41K is taxable on line 5b.  

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