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Get your taxes done using TurboTax
Your Form 5498 from the traditional IRA should show the same year-end balance as your year-end statement from the traditional IRA. If that amount is zero, that's the amount that is used during the pro rata calculation for that year. The distribution being rolled over to the 401(k) still occurred on December 31 and is reportable on that year's tax return no matter when the check is deposited into the 401(k).
‎January 9, 2024
10:50 AM