toddabe01
New Member

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?