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2 Roth In-plan conversion questions
I am on these prompts. I have $1,000 that was part of automatic in-plan conversions from an after-tax 401k to a Roth 401k and I'm reporting it. Does after-tax 401k count as "regular 401(k)" in this case? The Turbo Tax question is below:
Did you move this money from a 401(k) to a Roth 401(k)?
This includes rollovers from a regular 401(k), 403(b) or 457(b) plan to a designated Roth 401(k), 403(b) or 457(b) plan.
Also, if I contribute to after tax 401k, but it automatically gets converted to Roth 401k, would I answer "no" to this question? This is for the same $1,000 automatic in-plan conversion:
Did you make after-tax contributions to a 401(k), 403(b), or 457(b) plan?
Guessing I answer "no" since these funds were converted to Roth from after-tax?
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‎April 17, 2023
6:37 AM