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401K rollover to Roth and Traditional IRA
I have a 401k plan that allows for after-tax contribution and rollover to IRA, both Roth and traditional. I was under the impression that if I rolled my after-tax contributions to Roth, and any earnings associated with it to a traditional IRA, then the whole thing does not trigger a taxable event. However, Turbo tax is saying I own tax for the portion that's rolled into the traditional IRA, or more accurately, it is not giving me a chance to enter the fact that the "earnings" has been rolled directly into a traditional IRA. Any ideas to what to do here? Many thanks!
‎February 14, 2020
4:10 PM