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Tax implications for moving IRA money with pre-tax and post-tax contribution
I have an IRA account that has pre-tax as well as post-tax contributions. I was thinking of consolidating and rolling my pre-tax IRA amount into my current 401k and the post-tax into the Roth IRA. Does the IRS allow such a thing?
P.S. Turbotax generated a Form 8606 for me last year, which doesn't look at each transaction but just net annual movements.
‎April 24, 2022
5:32 PM