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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!
‎April 24, 2021
7:13 PM