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401K Roll Over to IRA
I had an old 401K Rolled over from Well Fargo Bank to TD Ameritrade IRA. This was a direct rollover where WF made the check out to the bank and it was delivered to them in less than a week. My 1099R for that transaction shows Taxable Amount in box 2a. When I completed my taxes turbotax added the distribution to my income and I am being taxed on that amount. Is this rollover taxable? Was there a mistake made on my tax return.
‎July 12, 2020
7:17 PM