r11
New Member

Can any amount of lump sum pension distribution be deposited into a Roth without being taxed?

Tax was withheld from the total amount of distribution.  Net amount of check was deposited into the Roth.  According to Turbo Tax, I can only deposit $6500 per year to a Roth. Prior to April 18, 2017 can I transfer the overage to a traditional IRA and avoid additional taxes and/or penalties?