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tax_2023
Returning Member

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

 
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6 Replies

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

No.  It should be on line 4 not 5.  Check if the little IRA box is checked between boxes 7&8 on the 1099R.  Then is should be 0 on the b line with the word rollover by it.  Did you get a 1099R?  What code is in box 7?  Is it a G?  If you didn't get a 1099R you might not need to report it.  

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

Are you sure it was from a ROTH IRA?  And not a ROTH 401K from work?  

tax_2023
Returning Member

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

sorry, you are right. It is roth401k (not roth ira), should roth 401k be marked as pension/annuity?

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

Yes, it goes on line 5.  

tax_2023
Returning Member

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

Thanks a lot! Just want to confirm from roth 401k to roth ira goes on line 5, right? 

Transferred from roth-401k to another roth-IRA (tax free), transferred amount appear at pension/annuity rows on 1040 form (5a and 5b), is that correct?

RIGHT

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