JamesG1
Expert Alumni

Retirement tax questions

Am I correct that this is a conversion into a Roth IRA?  If so, it will be a taxable transaction.

 

But the taxable amount is only the amount of the taxable amount (1099-R Box 2a) less any nondeductible contributions (from an IRA).

 

Please check the entry of the 1099-R box 2a amounts.

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