taxquestion515
Returning Member

Roth 401k to Roth IRA Rollover

I left my (age 28) job in August to pursue education. At that time, I rolled my Roth 401k contributions into my existing Roth IRA and the employer contributions into a Traditional IRA -- then rolled the Traditional IRA into the existing Roth IRA (closing the Traditional IRA prior to vestment). I've received two 1099-R's: one for the initial Roth 401k --> Roth IRA transfer, and a second for the initial Roth 401k --> Traditional IRA transfer. 

 

No action has been taken since the Traditional IRA was closed and all funds are in the Roth IRA account with two 1099-R's received. 

 

Is there any action I should take prior to submitting taxes this year? The total sum transferred across all accounts was only about $1500. Should I expect a large tax penalty?