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Retirement tax questions
Hi @fanfare, thanks for your reply. This is the first time I've heard the term "recovery of 401k contributions", could you please provide a reference?
I'm having a hard time accepting that the $6676 is correctly marked as taxable. That $6676 was already taxed by New Jersey, because it was an after-tax contribution to a 401k that was rolled over to a Roth IRA. If what you say is true, then shouldn't every Roth 401k rollover also be taxable? That doesn't sound right...
‎June 9, 2020
6:18 AM