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Retirement tax questions
I'm facing the same dilemma for a family member. I am being instructed by Turbotax to handle this $450,000 rollover on Schedule D because it is a section 1035 transaction. On Schedule D, I have to choose either to enter a basis or click "this sale is not taxable in PA." This is not really a sale, but it's also not a $450,000 basis.
‎April 13, 2024
7:04 AM