Retirement tax questions

That indicates that you rolled over a before tax 401(k) plan to an after-tax Roth IRA.   You must pay the tax on the box 2a amount of the roller.    Only a rollover to a Traditional IRA would be tax free since both the 401(k) and Traditional IRA are before tax accounts.

Conversions from a before tax account to an after-tax account is always taxable unless you had after-tax contributions in the account, but a blank box 5 indicates you had none.

You were mistaken if you thought that it would not be taxable.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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