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studio41
New Member

Is a 401k rollover to an IRA taxable in New York?

 
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ToddL
New Member

Is a 401k rollover to an IRA taxable in New York?

Qualified retirement account rollovers (e.g. 401-K to IRA) are not taxable at the federal or state level. 

You will still see the amount of the rollover listed as "Income" in the various Summary screens and on your tax return, but it won't be treated as "taxable" income.

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1 Reply
ToddL
New Member

Is a 401k rollover to an IRA taxable in New York?

Qualified retirement account rollovers (e.g. 401-K to IRA) are not taxable at the federal or state level. 

You will still see the amount of the rollover listed as "Income" in the various Summary screens and on your tax return, but it won't be treated as "taxable" income.

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