Solved
I received a lump sum from my retirement that was offered from the company I worked for. I put $8000.00 into an Roth IRA why does this show as income? Thank you!
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ROTH IRAs are funded with after tax dollars. Rolling your distribution from an account funded with pre-tax dollars (assuming yours was) over into an after-tax account triggers a re-characterization of the distribution as taxable income.
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