☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Apr 11, 2025 5:12:14 AM

ESOP rollover to Roth ira

I received the ESOP distribution and rolled it over directly to my Roth IRA account, I reported it using the 1099-R and reported on my return as taxable income with a “rollover” indication.  Is there any other form I need to report the rollover on my 2024 income tax return?

0 1 728
1 Replies
Level 15
Apr 11, 2025 7:03:12 AM

What you describe is all that is necessary.  It just needs to be shown on Form 1040 line 5b as taxable income with the ROLLOVER notation.