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Retirement tax questions
A rollover from a 401(k) to a traditional IRA is not a contribution and is not to be entered anywhere under Deductions & Credits. However, this rollover is required to be reported even though it is nontaxable. The gross amount must appear on Form 1040 line 5a but will be excluded from the taxable amount on line 5b.
March 30, 2023
1:58 PM