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Retirement tax questions
TurboTax shows you both taxable and nontaxable income. The rollover was nontaxable income that was required to be reported but otherwise does not affect your tax return. $239,000 would be the correct total of separate distributions of $196,000, $2,700 and $40,300. I would expect the taxable amount shown to be $2,700 + $40300 = $43,000 if you rolled over neither of these two.
‎April 16, 2022
9:35 AM