401K to traditional ira and ira backdoor roth conversion

[bluecrystal]

This makes sense. Thanks for the detailed explanation.

Does it matter if I move the pre-tax portion to 401k first or convert the post-tax basis to Roth? I am guessing no as long as I can finish both by the end of the year, but want to hear your thoughts. 

[dmertz]

It generally doesn't matter which you do first.  Some people choose to move the pre-tax portion to the 401(k) first to make sure that the 401(k) will accept the rollover before converting the remainder.

[bluecrystal]

Got it. Appreciate all your help! 

In terms of tax filing, would I receive a 1099-R for the pre-tax IRA to 401k rollover? If so, what would be the distribution code for this rollover? 

[dmertz]

A Form 1099-R reporting a direct rollover from the IRA to the 401(k) must have code G and have the IRA/SEP/SIMPLE box marked.  (The rollover could also be done indirectly if the 401(k) will accept it, reported with code 1 or code 7 depending only your age, but the plan is more likely to accept a direct rollover.)