ThomasM125
Expert Alumni

Retirement tax questions

It should be taxable. After you enter your form 1099-R, one of the questions will be What Did You Do With The Money From (name of broker)? You need to answer that you moved it to another retirement account, that you did a combination of rolling over, converting or cashing out the money, and then enter the distribution in the box that says Amount converted to a ROTH IRA account. 

 

 

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