DAVEWYNNE
Returning Member

Retirement tax questions

I still don't see why it is added to INCOME, since it is not "new" money, rather it is money I already had in my company 401(k).  I rolled it over into a new Traditional IRA and/or Roth IRA (depending on whether it was Trad or Roth 401(k) dollars), and got the 1099-R forms from the investment companies showing that.  I rolled 3 "old" 401(k) accounts into Trad and Roth IRAs with my main investment company, which bumped my AGI in TT2020 to more than 2X what it really was.  Yikes!