[Shell_Lee]

This past year, the company that I work for was sold to another company. I had to take my 401K and roll it over to the new company's 401K plan. A few weeks ago, I received a form 1099-R in the mail.

Do I have to report this on my taxes as it was a rollover into a qualified plan? I didn't take any money out of the 401K, just moved it. If I do, where would I do this. I'm planning on using TurboTax. The only things that are filled in on the 1099-R form are: Gross Distribution and Distribution code (G)

Thanks

[AtlantaTaxExpert]

Yes, it MUST be reported. But not taxes will be due.

Enter the information on the Form 1099-R form in TurboTax; the software will do the rest.

[MukatA]

You will have tax consequence if you did not complete the roll-over in 60 days.

[AtlantaTaxExpert]

True, but it likely was done custodian-to-custodian.