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Get your taxes done using TurboTax
Technically, a IRA conversion is from a non-Roth IRA account into a Roth IRA account, often with a taxable impact. Because it was a TSP, it can be treated as a rollover and this amount will be added to your taxable income for the year. Since it is a rollover, the annual limit for contributions do not apply.
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ā€ˇFebruary 1, 2021
2:59 PM