You need to report the 1099-R form that you received. Enter it exactly as it is on your 1099-R. The next step is to report the rollover. To do that in TurboTax Online Open your return. Select Federal, then Wages & Income.Scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R), under Retirement Plans and Social Security, select Start or Revisit to the right.Answer Yes to Did you get a 1099-R in 2023?Follow the screen instructions to enter the 1099-R form, or if the 1099-R is already in there, just Continue. Answer the rest of the questions in the section. When you get to Tell us if you moved the money through a rollover or conversion, select the answer that describes your situation and report the amount you rolled over. Answer any remaining questions in the section.

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psan192665

Solved

How do I change my 401k from income to rollover?

Forum|Forum|2 years ago
January 31, 2024
1 reply
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TurboTax Deluxe Online

Best answer by JulieS

You need to report the 1099-R form that you received. Enter it exactly as it is on your 1099-R. The next step is to report the rollover.

To do that in TurboTax Online

Open your return.
Select Federal, then Wages & Income.
Scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R), under Retirement Plans and Social Security, select Start or Revisit to the right.
Answer Yes to Did you get a 1099-R in 2023?
Follow the screen instructions to enter the 1099-R form, or if the 1099-R is already in there, just Continue.
Answer the rest of the questions in the section.
When you get to Tell us if you moved the money through a rollover or conversion, select the answer that describes your situation and report the amount you rolled over.
Answer any remaining questions in the section.

JulieSAnswer

You need to report the 1099-R form that you received. Enter it exactly as it is on your 1099-R. The next step is to report the rollover.

To do that in TurboTax Online

Open your return.
Select Federal, then Wages & Income.
Scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R), under Retirement Plans and Social Security, select Start or Revisit to the right.
Answer Yes to Did you get a 1099-R in 2023?
Follow the screen instructions to enter the 1099-R form, or if the 1099-R is already in there, just Continue.
Answer the rest of the questions in the section.
When you get to Tell us if you moved the money through a rollover or conversion, select the answer that describes your situation and report the amount you rolled over.
Answer any remaining questions in the section.