Question

A 401K distribution amount (Form 1099-R) that was rolled directly over to an IRA is being added to my total income. Is that correct?

Forum|Forum|7 years ago
June 2, 2019
1 reply
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Why is the amount rolled directly to a traditional IRA added into my total income?

TurboTax Deluxe Windows

Please be aware that the whole distribution will show as income on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 4b (taxable amount), it should be 0 and the words Rollover next to it.

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