@unicorn1988 wrote:
My backdoor didn't work because my 401k wasn't maxed out... But I already rolled over the after-tax 401k to Roth IRA, will I pay tax or penalty by withdrawing the mistaken backdoor Roth IRA? Since the backdoor Roth IRA didn't work, is it correct that my 1099Rs are shown in line 5 (Pensions and annuities) in 1040 instead of line 4? Thanks for your help!
Your 401(k) to Roth conversion is shown on line 5. That is separate from any Traditional IRA to Roth conversation. That has nothing to do with a backdoor Roth.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
