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Returning Member
posted Jun 3, 2019 1:25:10 PM

I direct rolled over 401k to traditional IRA. TT only asked if the desitination was Roth 401k or Roth IRA. It does not ask if I rolled over to IRA.

I direct rolled over 401k to traditional IRA. TT only asked if the desitination was Roth 401k or Roth IRA. It does not ask if I rolled over to IRA. When the responses are "no" to the above two questions, does TT automatically assume IRA being the destination?

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1 Best answer
Level 15
Jun 3, 2019 1:25:12 PM

You are correct when it was not rolled over to a Roth 401K or a Roth IRA then this amount went to a Traditional account and is not taxable.

2 Replies
Level 15
Jun 3, 2019 1:25:12 PM

You are correct when it was not rolled over to a Roth 401K or a Roth IRA then this amount went to a Traditional account and is not taxable.

Returning Member
Jun 3, 2019 1:25:13 PM

Thanks!!!