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Asked 3/19/2007

Do I have to report a rollover from a previous employeers 401k plan into my current 401k plan?

Last year, I rolled over the funds in two 401ks (from previous employers) into my current employer's 401k. I.e., I just went from 3 plans to one. I didn't keep any of the funds, etc.

I received two 1099-R (from the plans I closed). Do I have to report this?

I'm using TurboTax, but didn't see a prompt. I'm thinking maybe I don't, but having the forms & not doing anything with them makes me nervous. :-)

 
 
 
 
 
 
Answers

Answer 1/1 - Submitted 3/19/2007

If you received 1099s you would report the gross distributions on line 16a of Form 1040. You would put 0 for the taxable amount on line 16b. Write "rollover" next to it.

 
 
 
 

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