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Retirement tax questions
Ok. So if the total amount of the 403(b) was directly rolled over to a traditional IRA without me touching the money (the 403(b) sent the check directly to the IRA), why is TurboTax including the amount of the rollover as taxable income?
I understand that it wants you to say "no" to the question about whether it was transferred to a Roth IRA, if in fact it was transferred to a traditional IRA. Because it never specifically asks me that question, I am assuming that saying "no" to the Roth, that it assumes it was a traditional IRA. But it should not be including that amount as taxable on my return.
‎June 30, 2020
2:33 PM