Received lump sum pension distribution, with 20% tax deducted. But distribution will (a) kick me to higher bracket (b) 10% penalty. Can I move it to Roth IRA avoid penalt

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The deadline for rolling over such a distribution or converting it to Roth is the 60th day following the date of the distribution. If you are beyond that, you are stuck with the tax consequences of the distribution.

Backdoor Roth IRA 2024 - Turbotax is taxing the entire amount of the conversion (which is incorrect - the conversion amount is the same amount as the basis from the non-deductible IRA that I am converting to Roth.

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Received lump sum pension distribution, with 20% tax deducted. But distribution will (a) kick me to higher bracket (b) 10% penalty. Can I move it to Roth IRA avoid penalt

Received lump sum pension distribution, with 20% tax deducted. But distribution will (a) kick me to higher bracket (b) 10% penalty. Can I move it to Roth IRA avoid penalt

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Received lump sum pension distribution, with 20% tax deducted. But distribution will (a) kick me to higher bracket (b) 10% penalty. Can I move it to Roth IRA avoid penalt

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Received lump sum pension distribution, with 20% tax deducted. But distribution will (a) kick me to higher bracket (b) 10% penalty. Can I move it to Roth IRA avoid penalt

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