jaymax69
Returning Member

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?