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Retirement tax questions
The amount converted from a 401(k) plan to a Roth IRA is taxable.
You have to indicate in TurboTax that you converted to a Roth IRA,
In TurboTax Online, you do as follows:
- Enter your form 1099-R and follow the interview
- When you arrive to the page Did you move the money to a Roth IRA, click on the radio button Yes, this money was rolled over to a Roth IRA and Click Continue
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March 25, 2024
2:06 PM