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Retirement tax questions
Please disregard my questions/comments about the double taxation thing. I now understand it's due to it being an ineligible rollover for the excess contributions and earnings.
I still do wonder about the 10% however since, technically, the account was funded in 2022 and rolled over a few months later in the same year. I doubt it applies to the eligible rollover amount but maybe for the excess and earnings? So it's not actually a late withdrawl from the roth 401k but could be considered an early distribution and penalyzed as such that 10%?
Any thoughts guys?
‎January 7, 2024
4:37 PM