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401K Rollover into Traditional IRA Shows as Income
I rolled over a 401K into a traditional IRA. The 1009-R has G in box 7 to indicate it was a rollover and the taxable amount in $0. But at the end of my Turbotax review, it shows this amount in my income. Why is that? It certainly is not new income as it was my own 401K built from a previous job years ago and I just rolled over my existing money into another retirement account.
March 31, 2024
5:19 PM