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February 24, 2025
Question

Upon review of my federal tax summary, my IRA rollover is included in my total income. I rolled my IRA from one company to another. it shouldn't be included in my income.

  • February 24, 2025
  • 1 reply
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used Distribution code G from 1099-R

    1 reply

    February 24, 2025

    It is possible the rollover amount is showing on your tax return but it is not taxable. You need to look on line 4b or 5b on your form 1040 to see if the amount in line 4a or 5a is listed there. 4a and 5a report the distribution, and 4b and 5b reports the taxable amount.

     

    To view your form 1040 and schedule 1 to 3:

     

    1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
    2. Choose Tools
    3. Choose View Tax Summary
    4. See the Preview my 1040 option in the left menu bar and click on it
    5. Choose the Back option in the left menu bar when you are done 

     

     

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