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?

lovetaxes · ‎June 3, 2019

VolvoGirl · ‎June 3, 2019

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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DanielV01 · ‎June 3, 2019

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 · ‎June 3, 2019

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

DanielV01 · ‎June 3, 2019

Anything reported in Box 2a?

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taxseasonjoy · ‎June 3, 2019

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

DanielV01 · ‎June 3, 2019

You are welcome.

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VolvoGirl · ‎June 3, 2019

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.

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?