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If I rolled over my Roth 401k from my previous employer to a Roth IRA from an online broker, is the interest earned taxable in the year of the rollover?

 
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MinhT
Expert Alumni

If I rolled over my Roth 401k from my previous employer to a Roth IRA from an online broker, is the interest earned taxable in the year of the rollover?

A rollover from a Roth 401(k) to a Roth IRA is not taxable. The interest earned in the year of the rollover is not taxable either if it remains in the Roth IRA.

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1 Reply
MinhT
Expert Alumni

If I rolled over my Roth 401k from my previous employer to a Roth IRA from an online broker, is the interest earned taxable in the year of the rollover?

A rollover from a Roth 401(k) to a Roth IRA is not taxable. The interest earned in the year of the rollover is not taxable either if it remains in the Roth IRA.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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