Ok. Thanks. A previous person had said I would be taxed on everything. I definitely understand. I would pay the taxes when I convert from the 401(k) to the Roth. It’s a long irs document, but I think this is saying it would tax just on the earnings if I took out more than what I first put in if the Roth hadn’t been in there for five years. (If $100k went in, and 1 year later it was worth $120k- and then I took out $110k…. I guess I pay tax on $10k). Though the article seems to be about ‘designated Roth Ira’s’- which aren’t the same as converted Roth IRAs which have their own 5 yr requirement. So I’m still not sure I’ve got the irs info I need
While I am trusting Turbo Tax handle it right, though most tax experts seem to have differing understandings from what I’ve been able to figure out. So I don’t really know what is “right“. Which is why I’m trying to get the information directly from the IRS. I’m just hoping I can answer the questions properly with TurboTax. Because some of the verbiage gets very tricky. For example, “designated Roth“ vs converted Roth
