Skip to main content
June 1, 2019
Solved

Why is 403 rollover reported as a pension / annuity distributions ?

  • June 1, 2019
  • 1 reply
  • 0 views

We rolled over the entire amount of a IRA. Why is TurboTax reporting it as a 'Pension and annuity distribution' ?

Best answer by macuser_22

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a and 4b on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on the 1040 line 4b.  In the case of a rollover, nothing goes on 4b.

1 reply

macuser_22
Employee
June 1, 2019

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a and 4b on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on the 1040 line 4b.  In the case of a rollover, nothing goes on 4b.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**