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Spring245
New Member

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 Reply

Rollover of after tax

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

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