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Deductions & credits
I wasn't very clear. The rollover was from a SEP-IRA. The RMD from the SEP-IRA was made and federal taxes were withheld from the disbursement. The RMD was then redeposited in the Roth IRA. If I show it as a rollover to a Roth IRA in TT it does show it as a nondeductible rollover. However if it is recorded as a rollover to another retirement account it is deductible.
‎February 9, 2021
9:52 AM