what line does a direct transfer on 1040
with a direct transfer from a 401k/403b to an iRA annuity, when there is a 1099 r sent to client after funds are transferred, is there an entry put on the 1040 for the transfer?
with a direct transfer from a 401k/403b to an iRA annuity, when there is a 1099 r sent to client after funds are transferred, is there an entry put on the 1040 for the transfer?
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Permalink Submitted by Alan - IRA critic on Sun, 2017-02-05 22:29
This is actually a direct rollover and must be reported on lines 16a and 16b (0 on 16b) of Form 1040 with “rollover” entered on the line next to 16b.