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Tax time - Rollover question
Decided to do my own taxes this year with TurboTax. Nothing special about my return...just an employee with mortgage deduction and some interest/dividend income. Pretty simple. Accountant was hitting me for $400+ and I decided it's not worth it for a basic return.
Before I delve in...I have one question. I rolled over a 401k with M-L into an IRA with Janus. ML sent me a 1099R with the entire amount of the rollover listed. It's coded "G" (rolled into qualified plan). Is that something that I need to report somehow? Safe to assume T-tax has that covered?
Thanks. It's always enlightening to go through this process only to be hit in the face with the significant percentage of my earnings that goes to the gubmint.
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Mike
“I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll.
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