Transfer 401K to IRA Account

[AF61]

Why does the 401K funds show as Income but where is the offset into the IRA shown ?

[SweetieJean]

Did it go to a Trad IRA or a Roth IRA?  After you enter the 1099-R, the program asks if you did a rollover.  The TT Income Summary lists only the gross amount,  and is just FYI.   Both the gross and taxable figures will appear on your tax return.  (But a transfer from a Trad 401(k) to a Roth IRA is taxable.)

[AF61]

From a 401K to Traditional IRA