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?