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Will "increased income" from a 401K rollover into an IRA affect the monthly amount I will pay for Medicare Part B & D?
I rolled my 401K into a traditional IRA, and my Turbotax basic shows the amount as income. It is not income to me and should not be shown as such. I am very concerned that his large amount will substantionally increase the amount I will be paying for Medicare part B and D. How can I correct this in Turbotax.
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June 4, 2019
9:00 PM
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Retirement tax questions
It shows as income on a summary screen just for your information, not on your return.
June 4, 2019
9:00 PM