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New Member
posted Jun 4, 2019 7:05:21 PM

I rolled over my 401k from ex employer to my roth ira. Sent to me then I deposited all of it into my roth. how do i get it off my taxable income? it wasn't to be taxed

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1 Best answer
Level 15
Jun 4, 2019 7:05:25 PM

That indicates that you rolled over a before tax 401(k) plan to an after-tax Roth IRA.   You must pay the tax on the box 2a amount of the roller.    Only a rollover to a Traditional IRA would be tax free since both the 401(k) and Traditional IRA are before tax accounts.

Conversions from a before tax account to an after-tax account is always taxable unless you had after-tax contributions in the account, but a blank box 5 indicates you had none.

You were mistaken if you thought that it would not be taxable.

3 Replies
Level 15
Jun 4, 2019 7:05:23 PM

A 401(k) to Roth conversion is all taxable income.

What code is in box 7?
What is in box 2a?
Is anything in box 5?

New Member
Jun 4, 2019 7:05:24 PM

box 7=g      2a=the amount i rolled over      box 5=0.000

Level 15
Jun 4, 2019 7:05:25 PM

That indicates that you rolled over a before tax 401(k) plan to an after-tax Roth IRA.   You must pay the tax on the box 2a amount of the roller.    Only a rollover to a Traditional IRA would be tax free since both the 401(k) and Traditional IRA are before tax accounts.

Conversions from a before tax account to an after-tax account is always taxable unless you had after-tax contributions in the account, but a blank box 5 indicates you had none.

You were mistaken if you thought that it would not be taxable.