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June 6, 2019
Question

Can turbo tax help me with net unrealized appreciation and a 401k rollover

  • June 6, 2019
  • 1 reply
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    1 reply

    MichaelL1
    Employee
    June 6, 2019

    Yes, you should have a 1099R for the rollover.

    To enter pension and annuity Payments (1099-R)

    •    Click on Federal Taxes
    •    Click on Wages and Income
    •    Click on I'll choose what I work on (if shown)
    •    Scroll down to Retirement Plans and Social Security
    •    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

    Box 6. If you received a lump-sum distribution from a qualified plan that includes securities of the employer’s company, the net unrealized appreciation (NUA) (any increase in value of such securities while in the trust) is taxed only when you sell the securities unless you choose to include it in your gross income this year.

     If you did not receive a lump-sum distribution, the amount shown is the NUA attributable to employee contributions, which is not taxed until you sell the securities.



    MichaelL1
    Employee
    June 6, 2019
    Can you give me some more details so I can help?