I make after tax contributions to my 401k through payroll of my employer. All pre tax money goes to IRS limit for the contribution limit for the year and after tax money eventually gets converted to Roth through "in-plan conversion". What should be answers to-
- Is this 1099-R reporting a rollover of funds from a 401k plan to a designated Roth 401k? I think the answer is No - is that correct?
- For rollovers to a Roth IRA, we may need to collect some additional info. For rollovers to all other types of retirement accounts (such as a traditional IRA), just answer No
- Since this is in plan conversion to roth IRA, the answer is Yes - is that correct?
- Did you make any after-tax contributions to your 401k plan? These would be contributions you made into the plan yourself, rather than being made by your employer on your behalf
- I make after-tax contributions to 401k plan - so the answer should be Yes...is that correct?
