Question

Roth 401K to IRA Rollover of Pretax and After-Tax contributions

Forum|Forum|5 years ago
April 7, 2021
2 replies
0 views

I rolled over a Roth 401K account to a Roth IRA. The Roth 401K account included both Roth After-Tax Contribution AND a pretax amount. That pretax amount should be taxable now as a Roth Conversion, but Turbotax is not taxing it. If it did, it should show on my 1040, line 5b.

I received a single 1099R showing the full rollover amount in Box 1, $0 in Box 2a, unchecked "taxable amount not determined," checked Total Distribution, Roth After-Tax Contribution amount in Box 5, and Code H. The 1st year of Roth contribution is 2014.

How do I get Turbotax to tax that pretax amount? Thank you!

macuser_22

Employee

deleted - mis-read question

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22

Employee

Above answer deleted.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22

Employee

@slnyc wrote:

I rolled over a Roth 401K account to a Roth IRA. The Roth 401K account included both Roth After-Tax Contribution AND a pretax amount. That pretax amount should be taxable now as a Roth Conversion, but Turbotax is not taxing it. If it did, it should show on my 1040, line 5b.

I received a single 1099R showing the full rollover amount in Box 1, $0 in Box 2a, unchecked "taxable amount not determined," checked Total Distribution, Roth After-Tax Contribution amount in Box 5, and Code H. The 1st year of Roth contribution is 2014.

How do I get Turbotax to tax that pretax amount? Thank you!

The 1099-R is correct. A code H is a rollover of a Designated Roth to a Roth IRA. A designated Roth can never have any pre-tax money in it. Only a Traditional 401(k) can. Box 5 shows your after-tax contributions.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

S

slnycAuthor

Thank you for taking a look.

I received a single check from my 401K that consisted of both Roth after-tax contributions and taxable money. (The payment stub clearly showed the taxable and non-taxable amounts for my "Total Distribution-direct transfer-IRA"). I deposited it into my existing Roth IRA. Therefore, that pre-tax money is taxable. It's a conversion (as I intended). But how do I enter into Turbotax so I pay tax on that amount?

macuser_22

Employee

@slnyc wrote:

Thank you for taking a look.

I received a single check from my 401K that consisted of both Roth after-tax contributions and taxable money. (The payment stub clearly showed the taxable and non-taxable amounts for my "Total Distribution-direct transfer-IRA"). I deposited it into my existing Roth IRA. Therefore, that pre-tax money is taxable. It's a conversion (as I intended). But how do I enter into Turbotax so I pay tax on that amount?

Your 1099-R says that it is a 401(k) Roth (Designated Roth) rollover, not a conversion. A code H is not a conversion and is not taxable.

Your original question said "401(k) Roth". A 401(k) Roth can never have any before-tax money in it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**