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Retirement tax questions
Yes, this should not be a taxable event. Since you are using Turbo Tax software:
- Go to the forms mode.
- Check Boxes 5a & 5B. If the rollover was successful, there should be an amount in 5A but not 5B.
- There also should be the word rollover in the 5B dotted line.
- If you are not seeing this, then you need to go back and edit your entry.
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March 25, 2022
3:44 PM