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Retirement tax questions
The answer to the original question is, "it depends." If the amount rolled over to the Roth IRA was no more than the amount shown in box 5 of the Form 1099-R, no part of these distributions from the traditional account in the 401(k) is taxable. Otherwise, any amount rolled over to the Roth IRA in excess of the amount in box 5 is taxable.
March 15, 2021
10:27 AM