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New Member
posted Mar 26, 2025 9:20:54 AM

Rollover of after tax

Hello,

 

If you requested a rollover from your 401k provider and they separated the pretax to a traditional IRA and combined the after tax and its earnings to the Roth. If the error was caught and fixed on the brokerage side by moving the earnings amount to the traditional IRA. How do you report it on your taxes to avoid income tax on the earnings since it was moved?  Thank you. 

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1 Replies
Level 15
Mar 26, 2025 9:35:41 AM

You should have two separate 1099-Rs, yes?  The broker should issue corrected 1099-Rs that correctly report the rollovers.