I received a pension when I retired in October. I rolled it over to an IRA with the same financial institution. Do I have to claim the monies on my tax return ?? I did receive a 1099-r ??
You must report a direct rollover of an eligible rollover distribution. A
direct rollover is the direct payment of the distribution from a
qualified plan, a section 403(b) plan, or a governmental section 457(b)
plan to a traditional IRA, Roth IRA, or other eligible retirement plan. Your 1099-R should have Code G in Box 7. TurboTax will guide you through entering your 1099-R, so that it is reported, but not taxable.
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