ThomasM125
Expert Alumni

Retirement tax questions

You don't need to indicate that you rolled the funds over to a ROTH IRA account. The fact that you withdrew the funds from a traditional tax favored retirement account and did not roll them over to another traditional account will mean the distribution is taxable. If there is an amount listed in box 2(a) that will be the taxable amount that will appear on your tax return. If 2(a) is blank, the distribution will still show as taxable as long as you don't indicate that the funds were moved to a traditional IRA account. So, you won't see a question regarding rolling the funds to a ROTH IRA account.

 

 

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