@dmertz wrote:
No, it's not taxed twice. If not not a qualified distribution from the Roth account and not rolled over, only the earnings distributed are taxed and subject to potential early-distribution penalty. Your contribution basis is not taxed upon distribution.
@dmertz , if you rollover a Roth 401k into a Roth IRA, is your basis the amount of the rollover, or the amount of the original contributions to the 401k not including gains? I assume it is the latter?
@ianh12 If you know (or can find out) the amount of original contributions to your Roth-designated 401k, then part or all of your current withdrawal will be tax-free even if it is within the first 5 years.
