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Traditional 401k to Roth 401k recharacterization?
In October 2020, I moved $100k from my current employer's Traditional 401k to their Roth 401k, completely closing the Traditional 401k.
I paid the taxes out of pocket immediately to the IRS.
I entered my 1099-R into Wages & Income and labeled it a rollover.
Do I recharacterize the $5k that was automatically taken from my paycheck and placed into the Traditional 401k plan (subtracting my employer's matching) in 2020 before the rollover?
March 2, 2021
4:33 AM