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Why is 401K rollover not showing on Tax Schedule Report

I rolled my former 401K to IRA in April 2019. Now working on my taxes and the Tax Schedule Report is not showing up. I was only tracking cash balances in the 401K account. That account was set up as a tax deferred investment account. Transfers out from this account are to be reported as 1099-R pension gross distribution. Used 'Withdraw' action to transfer cash balance to new IRA investment account. Tax Schedule report is not showing this withdrawal.

Best Answer


  • Steve Sucher
    Steve Sucher Member ✭✭
    Forgot to mention using Quicken Premier on Window - latest version
  • Steve Sucher
    Steve Sucher Member ✭✭
    I agree a rollover is not taxable. But an entry should appear on report for the transfer out and transfer in to show the 'wash' of the 1099-R and 5498 forms.

    Quicken sees the transfers between the 2 accounts but chooses not to report, possibly because it is a wash. Maybe Quicken should leave the choice with the user and give us an option as to whether to report or not.

    Thanks for the reply.
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