I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

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I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

Whatever your marginal tax rate is.......

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

Remember state taxes as well.

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I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

Whatever your marginal tax rate is.......

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/

Remember state taxes as well.

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I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

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I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

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I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

I rolled over $26,000 from a 401k to a Roth IRA, its calculating my owed federal tax to be $5000 which seems high. What percentage amount that is used to calculate that?

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