DanielV01
Expert Alumni

Retirement tax questions

You might get two 1099-Rs.  One will be coded as a Roth rollover, and the other may have a code 2 in box 7.  If you have this, this would be the taxable amount.  When you roll-over this amount, it is converted, and you elect to include it as taxable income in this year's return whereas it was not counted as taxable income before.
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