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mgoodman1
Returning Member

401k distribution shows as pension distribution of form 1040

Received a distribution for a 401k (Code G) direct rollover. However, on the 1040 form, the amount is reflected online 5a 'Pensions and Annuities", not 4a 'IRA Distributions." Don't know how to correct this. Any suggestions?

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Accepted Solutions

401k distribution shows as pension distribution of form 1040

A 401(k) rollover should be shown as a distribution in 5a with the word ROLLOVER.  A 401(k) is Not an IRA.

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4 Replies

401k distribution shows as pension distribution of form 1040

A 401(k) rollover should be shown as a distribution in 5a with the word ROLLOVER.  A 401(k) is Not an IRA.

mgoodman1
Returning Member

401k distribution shows as pension distribution of form 1040

Yes, it does say rollover, sorry for not indicating. So it is reported in the correct spot?

401k distribution shows as pension distribution of form 1040


@mgoodman1 wrote:

Yes, it does say rollover, sorry for not indicating. So it is reported in the correct spot?


Yes, it is on the correct line of the Form 1040.

mgoodman1
Returning Member

401k distribution shows as pension distribution of form 1040

cool. thank you very much

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