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March 2, 2025
Question

My pension distribution is showing at earned income even though it rolled over to a Traditional IRA, is that correct?

  • March 2, 2025
  • 1 reply
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    1 reply

    DoninGA
    Employee
    March 2, 2025

    There will not be a taxable amount shown on the Form 1040 Line 5b.  The word ROLLVER will be on shown on the line.

     

    You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.