Yes - if you rolled it over to a Roth IRA. No - if you rolled it over to a Traditional IRA.
Both the retirement savings account and the traditional IRA are funded with pre-tax dollars. There is no tax impact when rolling over funds from one to the other.
Roth IRAs, however, are funded with after-tax dollars. So when funds are rolled into a Roth IRA from a non-Roth product, taxes are incurred.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
