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No. It is a conversion and you should have a 1099-R reporting it. Unless this was a 401(k) Roth (Designated Roth) account rolled in to a Roth IRA, then a normal 401(k) account converted to a Roth IRA will be fully taxable.
No. It is a conversion and you should have a 1099-R reporting it. Unless this was a 401(k) Roth (Designated Roth) account rolled in to a Roth IRA, then a normal 401(k) account converted to a Roth IRA will be fully taxable.
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