"lora" wrote:

- quote -

You report it on line 16 of the 1040 as a rollover. See the instructions
for that line.

--
Phil Marti
Clarksburg, MD

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On Feb 24, 2:43*pm, lora <anjela_...[at]yahoo.com> wrote:
- quote -

Was it a "Direct Rollover" from 401k to another 401k? Is there a code
(g), on the 1099R?.
You report it as a rollover with no taxable income. If you took a
distribution the ruless are much different
If the code on the 1099-R is (g), that's a good thing.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

Hello,
I moved a 401k account from an ex-employer to an existing mutual fund
retirement account. I did not take any lump sums, but yet, I received
a 1099 form. The taxable income reported was zero, but it shows the
total amount transferred in box1 .

The question: Do I need to report this? And how? I am using TurboTax
basic for web.

Thank you!

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >