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Retirement tax questions
A traditional to traditional IRA rollover would not increase your income, but a rollover from a traditional IRA to a ROTH IRA would be taxable. I suggest you review your entries in TurboTax to make sure you entered your form 1099-R reporting the distribution properly.
Normally, a tax-free rollover will have code "G" in box 7 on your 1099-R form. Also, you will be asked if you did a qualifying rollover after your enter your form 1099-R in TurboTax. You need to make sure you reported the form properly and gave the correct answers in TurboTax.
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‎February 15, 2022
5:11 PM