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delleo
New Member

Will "increased income" from a 401K rollover into an IRA affect the monthly amount I will pay for Medicare Part B & D?

I rolled my 401K into a traditional IRA, and my Turbotax basic shows the amount as income. It is not income to me and should not be shown as such.  I am very concerned that his large amount will substantionally increase the amount I will be paying for Medicare part B and D.  How can I correct this in Turbotax.

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Anita01
New Member

Will "increased income" from a 401K rollover into an IRA affect the monthly amount I will pay for Medicare Part B & D?

It shows as income on a summary screen just for your information, not on your return.  

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1 Reply
Anita01
New Member

Will "increased income" from a 401K rollover into an IRA affect the monthly amount I will pay for Medicare Part B & D?

It shows as income on a summary screen just for your information, not on your return.  

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