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Get your taxes done using TurboTax
The amount on line 4b of your 1040-SR is correct. Since you didn't rollover the $25,000 in this example, it's considered taxable income. Based on this example you would have $100,000 of taxable income, and $75,000 in after tax funds in your Roth IRA account.
March 1, 2025
5:48 AM