AR_CPA2
Employee Tax & Finance Expert

Get your taxes done using TurboTax

Hello again SDRainbow,

 

For any distributions you take from the retirement accounts, part or all could be taxable.  Depending on your tax bracket and the amount of distributions, you may want to have them take out the withholding for federal and state taxes.   The rollover amounts will not be taxable in the current year, only what you take out as distributions will be taxable. 

 

 

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