Skip to main content
June 3, 2019
Question

I rolled over 401K plan to a 408A plan. Why is Turbo Tax identifying it as income in my return?

  • June 3, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Employee
June 3, 2019

A 408(A) is a Roth IRA .  Unless the 401(k) was also a Roth plan, you did a Roth conversion.  This is indeed taxable income.

https://www.law.cornell.edu/uscode/text/26/408A