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April 10, 2024
Question

HOW DO I REPORT A TRANSFER FROM A COMPANY PENSION PLAN TO A COMPAY 401k THAT I HAD TO MAKE DUE TO MY RETIREMMENT

  • April 10, 2024
  • 2 replies
  • 0 views
TRANSFER OF PENSION PLAN FUNDS TO 401K IS SHOWING UP AS INCOME

2 replies

Employee
April 10, 2024

Look at line 5b of your 1040. The program in some areas shows income as opposed to taxable income. 

VolvoGirl
Employee
April 10, 2024

Did you get a 1099R for it?  What code is in box 7?  Why did you HAVE to transfer it to the 401k plan?  That sounds odd.