Problem with reporting IRA rollovers

While you will see the income listed on some of the summary screens (intended to allow you to verify that the entries are correct), the income should not be included as taxable income on your Form 1040.  This is handled automatically with the use of the code "G" in Box 7 of the entry screen.  

To verify that your tax return itself looks as it should, please preview the form and look for entries on lines 4 and/or 5.   You should see the rolled over amount only in the column A, with the word "Rollover" printed beside it.  

To view your form 1040, follow these steps:

From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)

1. Select Tax Tools 
   
2. On the drop-down select Tools 
3. On the pop-up menu titled “Tools Center”, select View Tax Summary 
4. On the left sidebar, select Preview my 1040