You'll need to sign in or create an account to connect with an expert.
Explain what you mean by "from a 401a *and Roth* to simple IRA"? What does "and Roth" mean?
Are you saying that the 401(a) was a designated Roth (401(a) Roth) account? A Roth cannot be rolled to a SIMPLE IRA.
A Traditional 401(a) to SIMPLE IRA is not taxable. What code is in box 7 on your 1099-R for the 401 distribution? What is in box 2a? Is box 2b checked?
Only a 401(k), 403(b) or 457(b) account can have a designated Roth account. A 401(a) plan that does not have a 401(k) element cannot have a designated Roth account. As macuser_22 indicated, it is impermissible to roll any kind of Roth account over to any kind of traditional retirement account.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
tomlc
New Member
mcpalomera-gmail
New Member
shawnessy_us
Level 2
KD9
Level 2
jdlau7
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.