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Retirement tax questions
Amounts from pension or even other IRAs can be rolled over into an IRA. If a 401k type of pension or a Traditional IRA are rolled into another Traditonal IRA, it is not taxable since they are funded with pre-tax dollars. If a pre-taxed fund is rolled over into an after-tax IRA (Roth), then it is taxable. The conversion amount will be included in your taxable income.
March 5, 2023
8:31 AM
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