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posted Jun 3, 2019 11:15:31 AM

I rolled over 401K plan to a 408A plan. Why is Turbo Tax identifying it as income in my return?

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1 Replies
Level 15
Jun 3, 2019 11:15:32 AM

A 408(A) is a Roth IRA .  Unless the 401(k) was also a Roth plan, you did a Roth conversion.  This is indeed taxable income.

https://www.law.cornell.edu/uscode/text/26/408A