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Level 4
April 14, 2026
Question

Is mega backdoor roth considered Roth IRA?

  • April 14, 2026
  • 0 replies
  • 158 views

My employer's 401K let me contribute (35K) after tax dollars through an in-plan conversion for the mega backdoor roth. Does this mean my 401K contain both taxes and untaxed contributions? Does the after taxed contributions in this account considered a Roth IRA account that I need to report on TurboTax? Are they the same thing? I received a 1099-R form from my broker for this 35K (box 5) contribution.