Anonymous
Not applicable

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...