You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rickard
Level 1
topmiller
Level 3
RogerButer
New Member
eyanine
Level 1
Sc00ter01
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.