Roth 401K to Roth IRA rollover, pay taxes on employer match contributions?

dagan-peterson — Sat, 01 Jun 2019 15:39:38 GMT

I rolled over my employee Roth 401K to a Roth IRA. I got two 1099-Rs from the existing Roth 401K (it appears to be broken down into what I contributed and what my employer matched). On the 1099R with the employer match amount, there is no amount in box 5 for employee contributions/designated Roth contributions, and when I finished entering the 1099R I noticed my calculated return amount decreased - do I have to pay taxes on the amount my employer matched even if it is a Roth 401K to Roth IRA rollover?

Yes, you will have to pay taxes on the employer match. F...

DDollar — Sat, 01 Jun 2019 15:39:39 GMT

Yes, you will have to pay taxes on the employer match. For a Roth 401(k) plan, unlike the employee's contribution, the employer's contribution is placed into a traditional 401(k) plan, and it is taxable upon withdrawal.

topic Roth 401K to Roth IRA rollover, pay taxes on employer match contributions? in Retirement tax questions

Roth 401K to Roth IRA rollover, pay taxes on employer match contributions?

Yes, you will have to pay taxes on the employer match. F...