Hello - I rolled over the entire balance in my 401K to a rollover traditional IRA account. The distribution of 401K included "cash" and a couple of stocks. The 1099R for the 401K distribution, for example, show $50,000 was moved out of the 401K into a rollover IRA, which is not a taxable event. However, the "stocks" that were distributed out had a price increase change of $100 when the rollover was settled into the rollover IRA account, so the form 5498 for the rollover "IRA contribution" show a different amount, say $50,100, than the form 1099R that shows the "401K distribution." of $50,000. I understand that the 401K and IRA custodians send both the 1099R (401K distribution) and 5498 (IRA contribution) to IRS. How do I report the $50,000 401K distribution and the $50,100 rollover IRA contribution on the tax return? I understand that the 401K distribution of $50,000 would be on line 5a (pension and annuities) on form 1040, but where would the rollover IRA contribution of $50,100 go? And how do I account for the $100 difference between the 401K distribution and rollover IRA contribution that was due to the stock market price changes? Also how would I enter the data into TurboTax Premier Windows version?
