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April 14, 2025
Question

Any nondeductible contributions to my IRA? How do I answer this question? We rolled the 401K into an IRA

  • April 14, 2025
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    AmyC
    Employee
    April 14, 2025

    Did you ever make any contributions with after tax dollars or was all of it pre-tax? If all of it was pre-tax- then you have no basis. If you rolled into a traditional IRA, still not taxable. Roll to ROTH is taxable.

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