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February 26, 2025
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ira rollover into a qualified plan why does it show up as income

  • February 26, 2025
  • 1 reply
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    Best answer by VolvoGirl

    If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.


    Before filing you can preview the 1040 or print the whole return
    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

     

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    February 26, 2025

    If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right. Check lines 4b & 5b for any taxable amounts. For a rollover line b should be zero and the word Rollover by it.


    Before filing you can preview the 1040 or print the whole return
    https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160