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Level 2
posted Jun 3, 2019 6:16:03 PM

Do I have to report on my taxes that I made an In-Service Withdrawal from my company roth-401k and traditional-401k to my roth-IRA and traditional-IRA at a brokerage?

I'm still working and I have a roth-401k and a traditional-401k through my employer.

In 2018, I made an In-Service Withdrawal from my company plan to my roth-IRA and traditional-IRA that I have at a brokerage. There was no taxable event, since the money was just transferred.

Do either of these have to be reported on my taxes?


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1 Best answer
Level 15
Jun 3, 2019 6:16:06 PM

These distributions from traditional and Roth accounts in a 401(k) are always reportable.  Your 401(k) plan is required to have provided to you by January 31, 2019 a separate Form 1099-R for each of these distributions which must be reported on your tax return.

3 Replies
Level 2
Jun 3, 2019 6:16:05 PM

In fact, after going through all of my paperwork, I did find as dmertz noted, the 1099-R's associated with these two "distributions". They were both non-taxable events since they went from my 401k to my personal IRAs.

Level 15
Jun 3, 2019 6:16:06 PM

These distributions from traditional and Roth accounts in a 401(k) are always reportable.  Your 401(k) plan is required to have provided to you by January 31, 2019 a separate Form 1099-R for each of these distributions which must be reported on your tax return.

Level 15
Jun 3, 2019 6:16:09 PM

[sorry wrong answer - removed]