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April 15, 2023
Question

401K rollover

  • April 15, 2023
  • 1 reply
  • 0 views

I did a trustee to trustee rollover of my 401k and I still received a form 1099r do I need to report it? 

box 2a is zero

box 4 is zero

box 7 is G

    1 reply

    Employee
    April 16, 2023

    Yes, this nontaxable income must be reported.  It will appear on line 5a of Form 1040 but will be excluded from the taxable amount on line 5b.