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lovetaxes
New Member

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

 
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VolvoGirl
Level 15

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

You only enter it as a rollover from the 1099R.  Do not enter it as a new IRA contribution again under Deductions & Credits.  It is not a contribution.

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6 Replies
DanielV01
Expert Alumni

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

It won't be completely non-taxable.  Your employer's match to the Roth-401-K is taxable income.  After that, it depends on the codes appearing on the 1099-R.  What is reported on this 1099-R?
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taxseasonjoy
New Member

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

No employer matching in this case. From the 401k, it's a `GB` distribution.
DanielV01
Expert Alumni

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

Anything reported in Box 2a?
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taxseasonjoy
New Member

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

It's $0. Believe I have it sorted now - thanks!
DanielV01
Expert Alumni

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

You are welcome.
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
VolvoGirl
Level 15

I rolled over a Roth 401k to a Roth IRA over the 5,500 IRA limit. How do I have this be a non-taxable event and have it not be counted as an excess IRA contribution?

You only enter it as a rollover from the 1099R.  Do not enter it as a new IRA contribution again under Deductions & Credits.  It is not a contribution.
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