Tax Tips Why is the Refund Amount Changing When I Enter a Rollover Distribution? Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Mar 29, 2006 1 min read Another thing we’re seeing with some regularity… folks entering Form 1099-R to report a distribution from a 401(k) or some other pension plan into an IRA are seeing their refunds go down (or taxes due go up) in the Refund Monitor when they enter the 1099-R… even when it’s a rollover! Rollovers aren’t taxable as everyone knows… but here’s what’s happening: when you start your entry of the 1099-R, and enter box 1 as the gross distribution, then enter box 2 as taxable distribution, that taxable distribution will immediately cause the behind-the-scenes calculations to run and your refund or tax due in the Monitor will change right away. As you progress down the form and enter the distribution code "G" (rollover), you’ll see that Refund Monitor change back to where it was before you made the box 2 entry! So… it’s just a timing thing! Previous Post About Withholding on Retirement Withdrawals Next Post I Received Form 1099-MISC But I Don’t Own a Business Written by TurboTaxBlogTeam More from TurboTaxBlogTeam Leave a ReplyCancel reply Browse Related Articles Tax Planning TurboTax Offers Refund Advance to Taxpayers Investments Tax Benefits of Real Estate Investing Self-Employed Business Tax Checklist: What You’ll Need When Filing Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home