maglib
Level 10

Get your taxes done using TurboTax

@giraffe223   ROTH IRA contributions are fully taxable and are not tax exempt.  They grow tax free and upon withdrawal there is no tax on the RMD.  Verses a Traditional IRA which for Federal Purposes the contribution is tax exempt, it will grow tax free but, your distributions will be fully taxable in the future.

 

I am confused about your basis question.  There should be no basis in the traditional IRA as you transferred it to a 401k. 

You can transfer a 401(k) to an IRA and later move those funds into a new employer’s 401(k) (a reverse rollover)

 This process is generally tax-free if done directly through custodian-to-custodian transfers. You can only move pre-tax money back into a traditional 401k

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