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Retirement tax questions
Can you clarify a little about the "indicate that you rolled the money over into another retirement account"?
The step after indicating the rollover asks if you opened a Roth 401K or 403K or it you opened a Roth IRA. It does not ask about a traditional IRA, which is what I opened. I selected no, because i didn't open a roth.
I think I found a way to show that I opened the tradition IRA. It shows I cannot claim a tax break on the total amount of money though. I could only do $5,500 as deductable.
Am I missing something in the step where it asks what type of rollover account?
The step after indicating the rollover asks if you opened a Roth 401K or 403K or it you opened a Roth IRA. It does not ask about a traditional IRA, which is what I opened. I selected no, because i didn't open a roth.
I think I found a way to show that I opened the tradition IRA. It shows I cannot claim a tax break on the total amount of money though. I could only do $5,500 as deductable.
Am I missing something in the step where it asks what type of rollover account?
‎June 4, 2019
8:59 PM