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Retirement tax questions
Because you did this in a two-step process with a traditional IRA in the middle, you have $24k of gross income of which only $12k is taxable. The code G Form 1099-R with a zero in box 2a for the direct rollover from the 401(k) to the traditional IRA is not taxable. TurboTax's income summary shows both taxable and non taxable income.
May 31, 2019
9:42 PM