dmertz
Level 15

Retirement tax questions

Box 5 of the Form 1099-R that reports the distribution should show the after-tax amount and is the nontaxable part of the distribution.  Box 2a will show the remainder of the distribution as taxable.

 

When you have basis in after-tax funds in a traditional 401(k) account, distributions are a proportionate mix of pre-tax and after-tax funds.

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