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Cashing out IRA early is being counted as rollover
I did a backdoor roth in 2022 but before that, I also cashed out the money in my traditional IRA (which was rolled over from a traditional 401k) (assume $100)
I would believe I have to pay taxes on the $100 from the cashout but not the backdoor roth money. However, turbo tax is treating this all as rollover even though I marked it as distribution code 1
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March 9, 2023
1:01 AM