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June 3, 2019
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Is a 401k rollover to an IRA taxable in New York?

  • June 3, 2019
  • 1 reply
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    Best answer by ToddL

    Qualified retirement account rollovers (e.g. 401-K to IRA) are not taxable at the federal or state level. 

    You will still see the amount of the rollover listed as "Income" in the various Summary screens and on your tax return, but it won't be treated as "taxable" income.

    1 reply

    ToddLAnswer
    Employee
    June 3, 2019

    Qualified retirement account rollovers (e.g. 401-K to IRA) are not taxable at the federal or state level. 

    You will still see the amount of the rollover listed as "Income" in the various Summary screens and on your tax return, but it won't be treated as "taxable" income.