Skip to main content
June 2, 2019
Question

Why is my rollover amount on the 1099-r showing as income

  • June 2, 2019
  • 1 reply
  • 0 views
it looks as though I am being charged taxed on it as income

1 reply

June 2, 2019

A 1099-R reporting a rollover distribution will have a code "G" in box 7.  Make sure the proper code is listed on the 1099-R and entered into TurboTax.