Yes, the 1099-R is taxable, until you indicate you performed a rollover. You can do this by revisiting the 1099-R section in TurboTax Online. After entering the data, you will come to a screen with the heading "Tell us if you moved the money through a rollover or conversion" Select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)" Next screen will ask "Did you roll over all of this $8,000.00 (Box 1) to another retirement account?", select "Yes, I rolled over $xx to another traditional IRA or retirement account (or returned it to the same account."

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

heavyccrouse

Question

401k rollover showing as a 1099R and shows up on income?

Forum|Forum|1 year ago
February 15, 2025
1 reply
0 views

No text available

MindyB

Yes, the 1099-R is taxable, until you indicate you performed a rollover.

You can do this by revisiting the 1099-R section in TurboTax Online. After entering the data, you will come to a screen with the heading "Tell us if you moved the money through a rollover or conversion"

Select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
Next screen will ask "Did you roll over all of this $8,000.00 (Box 1) to another retirement account?", select "Yes, I rolled over $xx to another traditional IRA or retirement account (or returned it to the same account."