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Retirement tax questions
If you repeat the interview, it is like starting over so you must re-answer the question. Answers that only direct you to the next screen are not remembered.
A code G 1099-R that is rolled to a Roth is normally taxable unless there is an amount in box 5 that is subtracted from the box 1 amount and is in box 2a. A code G implies a Traditional 401(k) that is before tax money that is taxable when converted to an after-tax Roth unless the 401(k) contained after-tax contributions that would be shown in box 5.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 14, 2020
7:28 PM
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