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Get your taxes done using TurboTax
All distributions from retirement accounts are considered to be "income" under the tax code, but only the Roth conversion is taxable income in this case. The rollover from the 401(k) must be included on Form 1040 line 5a but excluded from line 5b. The Roth conversion will be included in taxable income on line 4b.
‎January 30, 2025
8:30 AM