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No, a rollover of a retirement account into a Traditional IRA is not taxable.
In the income summary of TurboTax, you will see the amount of the rollover listed as Gross Income, but not as taxable income. On your form 1040, the amount of the rollover is listed on line 4a, and the amount taxable (which should be 0) is listed on line 4b.
No, a rollover of a retirement account into a Traditional IRA is not taxable.
In the income summary of TurboTax, you will see the amount of the rollover listed as Gross Income, but not as taxable income. On your form 1040, the amount of the rollover is listed on line 4a, and the amount taxable (which should be 0) is listed on line 4b.
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