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March 23, 2020
Question

Gross disstribution from 401 K Plan and rollrover into IRA

  • March 23, 2020
  • 1 reply
  • 0 views

Hi, I have a question related to one of my gross distributions from a former's employer 401K Plan, which I rolled-over into my own personal IRA account last year. After completing both my Federal and State taxes using the Desktop Turbo Tax version, I noticed that the amount that in box 4d of my Federal Tax Return Form 1040, has included the amount that was rolled over into my IRA, and which I believe should show 0 since it's a non-taxable amount.  If my assumption is correct, can you please let me know how I can adjust this entry using my Turbo Tax software. Thank you. 

 

 
 

 

    1 reply

    VolvoGirl
    Employee
    March 23, 2020

    This is a Turbo Tax forum not TaxAct.

    Andra_CKAuthor
    March 23, 2020

    I apologize, but I meant to say Turbo Tax, not TaxAct.