Hi,
I received a 1099-R for my 410K post-tax employee contribution.
This after-tax contribution is deducted from my monthly wages and gets converted automatically through an "in-plan conversion".
I inputted the numbers and was presented with the following questions:
- Is this 1099-R reporting a rollover of funds from a 401k plan to a designated Roth 401k?
I selected "Yes, this money rolled over to a designed Roth 401l account. - Did you make any after-tax contributions to your 401k plan? These would be contributions you made into the plan yourself, rather than being made by your employer on your behalf. (This is not common.)
Should I select "Yes, I made after-tax contributions to a 401k plan." Since I made the contributions from my wages? or "No, I did not make after-tax contributions to a 401k plan." Since the contributions are deposited into the 410K plan through the company payroll?
Thanks!
