home_owner
Returning Member

Retirement tax questions

Thank you, that explains it. One thing I am still confused by -  if I had not done a rollover of 401k than the entire amount converted to Roth would be nontaxable. Is this correct? 

 

I believe the taxable situation is arising because I have a traditional IRA. If I had kept in 401k than I would not have this issue. Again I want to thank you for sharing your knowledge.