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Get your taxes done using TurboTax
You may be limited in your new contributions to a Roth IRA by your MAGI.
Please read this IRS document.
Your rollover from a 401(k) to a Roth IRA is taxable and is counted in your MAGI.
However, the rollover amount does not count as a contribution to a Roth IRA.
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‎April 11, 2023
5:13 AM
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