- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Sorry I meant Mega Backdoor, I didn't max out pre-tax 401k but did after-tax 401k rollover to Roth IRA once. The amount is shown on my Form 5498 as rollover and Form 1099R (code G). Should this amount show in line4 or line5 in form 1040? Can I leave the money in Roth IRA or do I have to withdraw it since my pre-tax 401k wasn't maxed? Do I pay tax or penalty for withdrawal? Thank you for your help!!
‎April 21, 2021
6:54 AM