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March 1, 2025
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Why is my 1099 R reporting taxable income if I rolled over from RothIRA to RothIRA?

  • March 1, 2025
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    Best answer by VolvoGirl

    Where?   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 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. If it was a rollover it should say ROLLOVER by the “b” line and 0 taxable. 

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    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 1, 2025

    Where?   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 and make sure it’s right. For 1099R check 1040 line 4a/5a and 4b/5b for any taxable amount. If it was a rollover it should say ROLLOVER by the “b” line and 0 taxable.