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Deductions & credits
Hello RaifH,
I went through that section again, actually a few times and it seems that answering YES or NO does not make a difference because they both show as income, but it is not taxable. See screenshots. I am confused as to why Turbo Tax still thinks this is income though see as it increases total income. But yes it does not seem to be taxing. See the following:
** i answered all the boxes that correspond to the 1099-R
*** Here i tried answering both questions. My plan administrator told me that it went to a 401K plan and NOT a roth IRA. SO it seems the right answer is NO as you stated. Correct?
HOwever, it does not matter answering YES or NO this still does not change.
But turbo tax sees that zero is taxable which is good, but why does my total income is increased since this is a rollover? Or is this just the way turbo tax sees it?