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February 5, 2021
Question

Does a 401k rollover show up on the 1040?

  • February 5, 2021
  • 1 reply
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401K DISTRIBUTION IS NOT DEDUCTED FROM INCOME.

1 reply

February 5, 2021

If the 401(k) rollover is properly done and entered in TurboTax, it will appear on line 5a (sometimes) but not on line 5b.

 

It's not actually "deducted" somewhere, it's just not included in taxable income in line 5b.

 

Are you saying that your 401(k) rollover is appearing on line 5b?

 

Since we in the Community cannot see your private tax data, please give us the details of what you entered where so that we can help you.

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