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Get your taxes done using TurboTax
If you moved your money from a 401(K) plan to a ROTH 401(K) you can answer yes. A Roth 401(k) is not exactly the same thing as Roth IRA. I'm not sure what type of Roth you rolled to. Was it an employer-sponsored Roth?
Both Roth IRAs and Roth 401(k) s offer tax-free growth and withdrawals, but Roth 401(k) s are employer-sponsored, have higher contribution limits, and may offer employer matching, while Roth IRAs are individual accounts with lower limits and no employer matching, but offer more investment flexibility
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‎April 2, 2025
2:23 PM