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After Tax 401K Contributions - Distribution to ROTH
I work for a large company and contribute to my 401K with pretax dollars. However, I am also allowed to contribute up to $32,250.00 in CY22 in after tax dollars, which get designated and then rolled over to a ROTH within the 401K. With that said, I received a 1099-R from Fidelity, for the amount contributed and it has a distribution code of G. How do I enter this in Turbo Tax Desktop App. There should be NO Tax implication, as this was funded with After-Tax dollars and I believe is just documenting the fact for the 5 year mandatory wait period for accessing the funds.
March 31, 2024
6:06 PM