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February 21, 2025
Question

I had a roth rolloever from one roth account to another. However, the entire amount isbeing added as income??

  • February 21, 2025
  • 2 replies
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I need t talk to a person from INTUIT

    2 replies

    February 21, 2025

    what is the code in Box 7 of the 1099-R? 

    Employee
    February 21, 2025

    The tax code considers such rollovers to be nontaxable income.  It is required to be included on line 4a of Form 1040 but, if entered properly, will be excluded from taxable income on line 4b with the ROLLOVER notation.