@dmertz wrote:
Anything that is not basis must be earnings. There is no other choice.
That's interesting. I thought that the Roth 401K would have contributions, conversions/rollovers, and earnings for a general case.
I am *only* contributing to my Roth 401K through an in-plan conversion: I contribute after-tax dollars to my after-tax 401K, and after the contribution is made, the money is "moved" immediately to my Roth 401K. I used "moved" to avoid using converted or rolled over. So, all the money that has ever entered my Roth 401K has been after-tax.
I was under the impression that all of these "movements" were conversions/rollovers. I just checked my 1099-R, and I see that these contributions are reported as follows:
- box 5: Employee contrib/desig Roth contrib or insurance premiums
- box 7: G (Direct rollover of a distribution to a qualified plan, a section 403B plan, a governmental section 457(b) plan, or an IRA)
It looks like I was wrong. The money is being entered into the Roth 401K as a contribution. Is that right?
