I am on these prompts. I have $1,000 that was part of automatic in-plan conversions from an after-tax 401k to a Roth 401k and I'm reporting it. Does after-tax 401k count as "regular 401(k)" in this case? The Turbo Tax question is below:
Did
you move this money from a 401(k) to a Roth 401(k)?This includes rollovers from a regular 401(k), 403(b) or 457(b) plan to a designated Roth 401(k), 403(b) or 457(b) plan.
Did you make after-tax contributions to a 401(k), 403(b), or 457(b) plan?
Guessing I answer "no" since these funds were converted to Roth from after-tax?
Yes, you will answer "Yes" to the "Did you move this money from a 401(k) to a Roth 401(k)?" screen.
You will also answer "Yes" to "Did you make after-tax contributions to a 401(k), 403(b), or 457(b) plan?" (this amount should be listed in box 5 of your Form 1099-R).
Gotcha, just double checking, even if I have no balance in my after-tax 401k, just roth 401k, I still answer yes that I contributed to after tax? It gets converted (in-plan conversion) automatically to Roth when my paycheck comes in.