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June 1, 2019
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How do I keep the 401K rollover amount from showing as income, if I rolled into a qualified IRA?

  • June 1, 2019
  • 1 reply
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I retired in 2018 and rolled my 401K into a qualified IRA.  In Turbo Tax how do I keep the 401K rollover amount from showing as income, if I rolled into a qualified IRA?

Best answer by MinhT1

If you enter your 1099-R for the rollover properly in TurboTax, it will not be taxed.

In the income summary, TurboTax will list the rollover in Gross income, but it will not be taxed.

1 reply

MinhT1Answer
June 1, 2019

If you enter your 1099-R for the rollover properly in TurboTax, it will not be taxed.

In the income summary, TurboTax will list the rollover in Gross income, but it will not be taxed.

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