@lanwoo wrote:
The amount should not count as income if rollover to Traditional IRA, TurbTax consider the rollover is an income, it increase my tax tremendously. Need advice..
A rollover will have not effect on your tax. Any any tax will be on the 1040 line 5b for a 401(k) type plan or 4b of an IRA.
What is on the 1040 line 4b or 5b?
**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.**
