105555
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
BoulderLEA
Returning Member
dlggeiger
New Member
lmkacher
New Member
agilebill4dinfo
New Member
chris
New Member