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newmom41
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I received a lump some VPP check and rolled it over into an IRA. TT has this as additional income. Is this taxable added income?

I am 60 years old and retired 11/1/20.  I rolled this money over withing 30 days of receiving it.
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1 Reply

I received a lump some VPP check and rolled it over into an IRA. TT has this as additional income. Is this taxable added income?

Exactly what is a VPP (a Voluntary Pension Plan maybe?), and did you roll it to a Traditional ITSA?  What is the distribution code on the 1099-R?

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