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After Tax 401k Contributions/IRA Roll Over
Hello,
I am trying to get a better understanding of After Tax 401K contribution and IRA Rollover. Let's say I invest an additional $10,000 annually into my 401K After Tax and roll this into an IRA. It's my understanding that I would roll over the contribution into a Roth IRA and the earnings into a traditional IRA. What are the short term and long term tax implications of this scenario?
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‎June 25, 2020
6:08 AM